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Northern Trust Names Luxembourg Head

Eliane Chavagnon

11 May 2012

Chicago’s Northern Trust has appointed Steve David as Luxembourg country head, replacing Ian Baillie, who is due to retire in August.

David’s responsibilities include leading and managing the expansion of the firm’s fund servicing and custody operations, while reporting to Toby Glaysher, head of global fund services activities in Europe, the Middle East and Africa.

Northern Trust said in a statement that David has operated from the Luxembourg office - most recently as managing director - since joining the organisation in 2004. 

The Luxembourg office, which launched in 2004, provides fund administration and custody services for tax-transparent, cross-border pooled funds, and traditional and alternative assets to a range of institutional clients globally, including multinational pension funds, global and boutique asset managers.

In April, the firm unveiled a raft of top-level management changes, with a mix of internal and external appointments, the details of which can be viewed here.  

Earlier this week, the firm named Daniel Lindley to the newly-created London-based role of managing director, global family and private investment offices group for the EMEA and APAC regions.He takes on the post on 1 July.