Northern Trust Hires Marco Siero to Lead Regional Sales from Luxembourg

Northern Trust (Nasdaq:NTRS) has appointed Marco Siero as senior sales representative, Luxembourg to spearhead Northern Trust’s growth in the region.

Assets under administration in Northern Trust’s Luxembourg office have increased by 100 per cent over the past five years. In this newly created role, Siero will be responsible for further accelerating the growth of the client base and expanding the delivery of Northern Trust’s specialist fund servicing capabilities to global investors who look to leverage the benefits of Luxembourg as a fund jurisdiction.

Siero joins from RBC Investor Services in Luxembourg where he was managing director client service and solutions for Europe. He has more than 25 years of experience in the investor services industry and holds a master’s degree in Economics from the University of Amsterdam.

“Luxembourg is one of the world’s largest fund markets and Northern Trust is at the heart of this, offering the full range of asset servicing solutions across traditional and alternative asset classes to some of the world’s largest and most sophisticated asset managers and asset owners,” said Toby Glaysher, head of Global Fund Services at Northern Trust for Europe, Middle East, Africa. “We are focused on continuing to expand our business in Luxembourg with key hires like Marco.”

Northern Trust opened its Luxembourg office in 2004 and today employs approximately 140 people at its office in Senningerberg. It was the first major custodian to obtain a license to offer a third-party UCITS management company service in Luxembourg, and in 2005, became the first to service a cross-border, tax-transparent Fonds Commun de Placement for multinational pension plans.

“We are pleased to welcome Marco to our expanding business in Luxembourg,” said Steve David, Luxembourg country head Northern Trust. “Marco’s familiarity with the Luxembourg market, knowledge of our business, and an understanding of client requirements and the regulatory environment ensure he is well placed to continue to drive momentum.”

Northern Trust has an in-depth knowledge of the Luxembourg funds industry and provides a comprehensive range of services including global custody, fund administration, investment operations outsourcing solutions, depositary banking and tax transparent pooling solutions.. It also offers a management company to manage UCITS funds within the European passport.

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has offices in the United States in 19 states and Washington, D.C., and 20 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of June 30, 2016, Northern Trust had assets under custody of US$6.4 trillion, and assets under management of US$906 billion. For more than 125 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit northerntrust.com or follow us on Twitter @NorthernTrust

Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/disclosures.

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