Northern Trust has appointed Olivier Noël as country head of Luxembourg and leader of its Luxembourg-based asset servicing business. He replaces Steve David, who left to join FundBank. Noël also assumes the position of CEO of Northern Trust’s European Union (EU) bank, Northern Trust Global Services 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 and was most recently COO of the Luxembourg global fund services business and COO for NTGS SE. He will report to Clive Bellows, currently head of GFS, EMEA, who has recently been named to succeed Teresa Parker as president of Northern Trust’s EMEA business. pending regulatory approval.
