New appointments will be responsible for developing business, stewarding client engagement, and building on State Street’s market network in Europe.
The new Depotbank service will be led by Marco Wiegmann, who joined Northern Trust in September after 10 years spent with RBC I&TS.
Through the combination of its existing Collateral Cockpit, SIX will provide a fully automated system for collateral management processes.
New appointment in Northern Trust’s Swiss senior leadership team highlights custodian’s focus on the country.
Brand will also work alongside the heads of Luxembourg and Ireland, as the US bank looks to evolve its European strategy.
As the UK and EU negotiate how their various relations will be governed post-Brexit, the arrangements established with Switzerland are sometimes cited as a possible template. GC spoke to Thomas Zeeb, head of securities and exchanges at SIX, about the lessons the UK securities industry might wish to take from the Swiss experience.