Northern Trust names new head of EMEA Global Fund Services

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Northern Trust names new head of EMEA Global Fund Services
Credit: © Reuters.

LONDON - Northern Trust Corporation (NASDAQ: NTRS ), a financial services company, has announced the appointment of Nick Gilbert as the head of Global Fund Services (GFS) for the Europe, Middle East, and Africa (EMEA) region, effective April 1, 2024. This leadership change is pending regulatory approval.

Gilbert, who is currently the Chief Strategy Officer for Asset Servicing at Northern Trust, brings extensive experience to his new role. He joined the company in 2005 and has held various positions including Chief Operating Officer for GFS businesses in Ireland and the UK. His tenure at Northern Trust has seen him work across multiple asset servicing roles, contributing to his deep understanding of the business.

In his new capacity, Gilbert will oversee Northern Trust's provision of asset servicing solutions to global investment managers in the EMEA region. The services under his leadership will include fund administration, global custody, investment operations outsourcing, and data solutions. These are designed to support clients' investment strategies across a diverse range of asset classes.

Gilbert's appointment comes as he succeeds Clive Bellows, who has been named President of Northern Trust's EMEA business, also subject to regulatory approval.

Reporting to Toby Glaysher, President of GFS, and Clive Bellows, Gilbert is expected to play a pivotal role in the digital transformation of the company's solutions for asset managers, aiming to enhance business efficiency and investor experience.

Glaysher expressed confidence in Gilbert's capabilities, citing his strategic insight and comprehensive knowledge of the business as key factors in his readiness to lead the team.

Northern Trust, with its headquarters in Chicago, Illinois, was founded in 1889 and has since grown to have a significant global footprint. As of December 31, 2023, the company reported assets under custody/administration of $15.4 trillion and assets under management of $1.4 trillion. The company prides itself on a long-standing reputation for exceptional service, financial expertise, and innovation.

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