Northern Trust has opened a branch office in Stockholm, Sweden, with Madeleine Senior as its managing director, extending its offering to Nordic clients.
Northern Trust has been servicing clients in the Nordics for close to 20 years and works with some of the most sophisticated premier institutional funds and investment managers in the region, said Biff Bowman, CEO of Northern Trust in Europe, Middle East and Africa (EMEA). Establishing this base for Northern Trust in Stockholm is in line with our strategy of serving our clients as close to their home market as possible.
Madeleine Senior, who joined Northern Trust in 1994, will now oversee all Northern Trusts activities across Norway, Finland, Sweden and Denmark from Northern Trusts central Stockholm office.
Im delighted to be spearheading this opportunity, said Ms. Senior. We go where our clients want us to be, and particularly in the current climate, our clients want close access to their custodian. She continued: It is important to appreciate the local expertise that local banks and institutions have. Our long and successful relationship with Handelsbanken has enabled us to provide tailored solutions to our Nordic clients over the past six years. Now, with our local base in the region, we are well positioned to continue to provide tailored solutions to meet our Nordic clients specific requirements but we are also able to further engage and develop with our clients.
Northern Trust currently has a team of five people serving Nordic clients from its Stockholm office.