Northern Trust has appointed Penny Biggs as head of its institutional custody, fund administration and asset servicing business in Europe, Middle East and Africa (EMEA). She also becomes General Manager of The Northern Trust Company’s London Branch, based in Canary Wharf.
Northern Trust says Biggs 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. She will report to Stephen Potter, the 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,” says Potter. “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 recognise her hard work and dedication to Northern Trust.”
Prior to taking on this role, Penelope 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, she held a variety of sales and relationship management positions at Barclays Global Securities Services, Midland Securities Services and Chase Manhattan.