Newly created role reflects sustained regional success,
positions Northern Trust for future growth
London, May 15, 2012 -
Northern Trust (Nasdaq: NTRS) 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.
Working with Europe, Middle East and Africa (EMEA) regional
management, and drawing on Northern Trust's asset
servicing, asset management and wealth management expertise
serving institutional asset owners, asset managers and
family office clients, Woldt will lead the organisation's
further expansion in the Middle East.
"The creation of this role reflects Northern Trust's
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.
"Sheldon's 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 has been with Northern Trust since 1983 during which
time he has worked with a range of Middle East clients
across a number of sectors. During his 30 years with the
organisation, he has held roles 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.
"I am excited to have this opportunity and I look forward
to being involved more deeply in Northern Trust's continued
development in the Middle East," said Woldt. "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."
Woldt is a Chartered Financial Analyst (CFA), and holds an
M.B.A. in Finance and Marketing from the Kellogg Graduate
School of Management at Northwestern University, and a B.S.
degree in Economics from the University of
Northern Trust has been serving Middle East clients since
1987, and opened its representative office in Abu Dhabi in
2008. Northern Trust provides a range of asset servicing,
asset management and wealth management services to
institutional clients across the Middle East, including
sovereign wealth funds, family offices, insurance companies
and pension funds.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading
provider of investment management, asset and fund
administration, banking solutions and fiduciary services
for corporations, institutions and affluent individuals
worldwide. Northern Trust, a financial holding company
based in Chicago, has offices in 18 U.S. states and 16
international locations in North America, Europe, the
Middle East and the Asia-Pacific region. As of March 31,
2012, Northern Trust had assets under custody of US$4.6
trillion, and assets under investment management of
US$716.5 billion. For more than 120 years, Northern Trust
has earned distinction as an industry leader in combining
exceptional service and expertise with innovative products
and technology. For more information, visit www.northerntrust.com
or follow us on Twitter @NorthernTrust.
Asset Management at Northern Trust begins with listening
and leads to answers beyond the expected for our clients.
The multi-asset class investment management business is
comprised of Northern Trust Investments, Inc., Northern
Trust Global Investments Limited, Northern Trust Global
Investments Japan, K.K., the investment advisor division of
The Northern Trust Company and The Northern Trust Company
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Northern Trust Corporation, Head Office: 50 South La Salle
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limited liability in the U.S.
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BR001960), Northern Trust Global Investments Limited
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Northern Trust (Guernsey) Limited, Northern Trust Fiduciary
Services (Guernsey) Limited, and Northern Trust
International Fund Administration Services (Guernsey)
Limited are licensed by the Guernsey Financial Services
Commission. Northern Trust International Fund
Administrators (Jersey) Limited and Northern Trust
Fiduciary Services (Jersey) Limited are regulated by the
Jersey Financial Services Commission. Northern Trust
International Fund Administration Services (Ireland)
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Limited and Northern Trust Fiduciary Services (Ireland)
Limited are regulated by the Central Bank of Ireland.
Northern Trust Global Services Limited has a Netherlands
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by De Nederlandsche Bank. Northern Trust Global Services
Limited has a Luxembourg Branch which is authorised and
regulated by the Commission de Surveillance du Secteur
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du Secteur Financier (CSSF). Northern Trust Global Services
Limited operates in Abu Dhabi as a Representative Office,
Licence number 13/238/2008 which is authorised and
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The Northern Trust Company operates in Canada as The
Northern Trust Company, Canada Branch which is an
authorized foreign bank branch under the Bank Act
(Canada). Trustee related services in Canada
are provided by the wholly owned subsidiary The Northern
Trust Company, Canada, an authorized trust company under
the Trust & Loans Companies Act (Canada). Deposits
with The Northern Trust Company and its affiliates and
subsidiaries are not insured by the Canada Deposit
Insurance Corporation. Northern Trust operates in Australia
as a foreign authorised deposit-taking institution (foreign
ADI) and is regulated by the Australian Prudential
Regulation Authority and the Australian Securities &
Investments Commission (AFS Licence No: 314970). The
Northern Trust Company of Hong Kong Limited is regulated by
the Hong Kong Securities and Futures Commission. The
Northern Trust Company has a Singapore Branch which is a
foreign wholesale bank regulated by the Monetary Authority
of Singapore. The Northern Trust Company has a branch in
China regulated by the China Banking Regulatory Commission.
Northern Trust Global Investments Japan, K.K. is regulated
by the Japan Financial Services Agency. Northern Trust
Global Services Ltd (UK) Sweden Filial is Authorised by the
Financial Services Authority and subject to regulation by
the Finansinspektionen. Northern Trust Global Investments
Limited has a Netherlands branch which is authorised by the
Financial Services Authority and subject to regulation in
The Netherlands by the Autoriteit Financiėle Markten.
Northern Trust Global Investments Limited has a Sweden
branch which is authorised by the Financial Services
Authority and subject to regulation in Sweden by the