As head of the global effort, Mr Logan will coordinate with Northern Trust regional heads, country leaders and product management and business unit partners to identify current business and financial relationships that can be developed for the benefit of Northern Trust and its institutional and personal clients.

Mr Logan, an executive vice president, has three decades of experience in financial services, most recently as managing director, institutional sales and client servicing for Northern Trust global investments since 2005. Previously, he was head of Chicago private banking within the personal financial services (PFS) unit and had joined Northern Trust in 2000 as a PFS manager for the Midwest region.

Prior to Northern Trust, he worked at Bank of America (formerly Continental Bank) in Chicago, where he held leadership positions in the private bank and domestic portfolio management group.

Steven Fradkin, president of corporate and institutional services at Northern Trust, said: “The global financial institutions group is an essential part of Northern Trust’s long-term development and a key strategic initiative for our institutional business.

“Mr Logan brings a depth of experience in product development and client service, relationships at all levels of business, government and non-profit institutions, and a reputation for integrity that will serve him well in this newly created position.”

Mr Logan said: “The global financial institutions group marks a new stage of Northern Trust’s evolution as a globally active organization. I am excited by this leadership position and eager to work closely with institutions that are already important partners, suppliers and distributors for Northern Trust, to realize the potential of this opportunity to support our continued global growth.”