Northern Trust has appointed Sheldon Woldt to the newly created role of head of the Middle East, responsible for leading the continued growth of its business in the region.
He will work with the EMEA regional management and draw on Northern Trusts asset servicing, asset management and wealth management expertise serving institutional asset owners, asset managers and family office clients.
Woldt joined Northern Trust in 1983. during which time he has worked with a range of Middle East clients across a number of sectors. He has held positions in banking operations, financial analysis and client relationship management in commercial lending, treasury management, investment management and global custody. Most recently, he was head of the U.S. insurance client business
The creation of this role reflects Northern Trusts continued business success in the Middle East, our expanding and important client base in the region, and new and exciting opportunities for further growth, said Wilson Leech, chief executive officer, EMEA, Northern Trust. Sheldons experience working with clients in the region provides him with a fitting base from which to develop the next phase in our Middle East growth strategy, and oversee the continued evolution of our business in the region.
Woldt will re-locate from Chicago to Abu Dhabi, reporting to Penelope Biggs, head of the Institutional Investor Group, EMEA. Locally, he will work closely with Michael Slater, head of the Abu Dhabi office, and Kais Abbas, head of investment business development.
Woldt said: It is a dynamic, complex region, with sophisticated clients who require world class investment management and asset servicing expertise. I look forward to working with local management, business development, product and client service groups to ensure Northern Trust remains positioned for continued success.
(JDC)