Northern Trust Names Penelope Biggs To Head Custody, Fund Admin In Europe, Middle East And Africa

Northern Trust said it had named Penelope Biggs to lead Northern Trust's institutional custody, fund administration and asset servicing businesses for Europe, the Middle East, and Africa. Biggs also assumes responsibility as General Manager of The Northern Trust Company's London

By None

Northern Trust said it had named Penelope Biggs to lead Northern Trust’s institutional custody, fund administration and asset servicing businesses for Europe, the Middle East, and Africa.

Biggs also assumes responsibility as General Manager of The Northern Trust Company’s London Branch, based in Canary Wharf. She will have direct responsibility for all strategic, tactical, business development, marketing and relationship management activities undertaken by the bank’s Corporate & Institutional Services business unit in the region.

Biggs will report to Stephen Potter, Group Head for the International Market Segment at Northern Trust.

“This appointment is a direct result of the continued rapid growth of our European business and the increasing importance and complexity of our international businesses,” said Stephen Potter, Executive Vice President, Northern Trust. “It also reflects the commitment of Northern Trust to London as our international base of operation and, relatedly, the opportunity to elevate and promote our local talent. These two new assignments for Penny are richly deserved and I am delighted that we have been able to recognize her hard work and dedication to Northern Trust.”

Prior to taking on this role, Biggs headed up Northern Trust’s International Sales and Global Fund Services teams in London and was responsible for sales, marketing and internally managed clients.

Before joining Northern Trust in 1996, Biggs held a variety of sales and relationship management positions at Barclays Global Securities Services, Midland Securities Services and Chase Manhattan.

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