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Northern Trust names deputy MD of Luxembourg Management Company

Northern Trust has named Olivier Noel as deputy managing director of its Luxembourg Management Company, the entity which provides fund administration services to the company's clients.

In his new role, Noel will be responsible for client servicing, product development and new business integration.

Noel, who joined Northern Trust in 2005, was most recently head of transfer agency and shareholder services in Luxembourg.

Northern Trust Luxembourg country head Ian Baillie said that Olivier, in his new role, will be instrumental in ensuring they continue to expand these strong client relationships and explore new business opportunities, while remaining at the forefront of devising innovative solutions to support their clients’ unique requirements.

Northern Trust opened its Luxembourg business in 2004 to provide custody and fund administration services, to clients across the region.