In this newly created role, Woldt will responsible for leading the growth of the company’s business in the Middle East region.
Woldt will working with the company’s Europe, Middle East and Africa (EMEA) regional management to lead the its further expansion in the Middle East.
He will re-locate from Chicago to Abu Dhabi, reporting to Penelope Biggs, head of the Institutional Investor Group, EMEA.
Locally, Woldt 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.
Northern Trust CEO of EMEA Wilson Leech saod, "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."
