Under the partnership, Standard Bank’s clients will gain access to Northern Trust’s full suite of transition management services.
The hire follows the appointment of Craig Blackbourn from Nomura as head of transition management EMEA in January.
Reduced demand in EMEA has led to State Street closing its transition management operations in London and Hong Kong.
Settlement with US regulators follows significant penalty paid to UK's FCA.
Craig Blackbourn becomes Northern Trust’s head of transition management for EMEA having previously held the same role at Nomura International.