David will take place of Ian Baillie, who is currently acting as country head Luxembourg and will retire in August 2012.
David will report Toby Glaysher, head of Northern Trust’s Global Fund Services activities in Europe, Middle East and Africa (EMEA), and spearhead the expansion of the organization’s specialist fund servicing and custody operations in Luxembourg, which serves clients around the world.
"Northern Trust has experienced tremendous growth in Luxembourg in recent years, and Steve will focus on continuing to drive this growth while managing our expanding, and evolving, service offering," said Glaysher.
"During his career at Northern Trust, Ian has played an influential role in the evolution and growth of our Luxembourg operations within the development of our wider Global Fund Services business, overseeing a period of exceptional growth and performance," Glaysher added.
"Steve’s familiarity with the Luxembourg market and detailed knowledge of our business, client requirements and the regulatory environment ensure he is well placed to continue this momentum as he takes the lead in Luxembourg."
In 2004, David joined Northern Trust’s Luxembourg office and was working as managing director of the Luxembourg management companysince joining the organization.
Northern Trust offers specialist fund administration and custody services for tax-transparent, cross-border pooled funds, and traditional and alternative assets to a range of institutional clients across the globe.
