Northern Trust announced it has appointed Olivier Noël as Country Head of Luxembourg and leader of its Luxembourg-based asset servicing business, effective immediately. Noël also assumes the position of Chief Executive Officer of Northern Trust?s European Union (EU) bank, Northern Trust Global Services SE (NTGS SE) following approval by its Board. He will become a member of the NTGS SE Board, subject to regulatory approval.

Noël joined Northern Trust in 2005 as its head of Luxembourg transfer agency. In his 18-year career since, he has worked in senior roles including as chief operating officer (COO) of Northern Trust?s Luxembourg Global Fund Services (GFS) business from 2019, and as COO for NTGS SE since 2020. He has been a member of the NTGS SE authorised management team since 2020.

Noël will report to Clive Bellows, currently Head of GFS, Europe, Middle East and Africa (EMEA) and who has been recently named, pending regulatory approval, to succeed Teresa Parker as President of Northern Trust?s EMEA business.