Northern Trust has hired James Wright to the newly created position of head of the institutional investor group for the UK, Ireland and Guernsey.
Wright joins from J.P. Morgan, where he was head of sales and relationship management, holding responsibility for developing outsourced asset management relationships.
In his new role, he will drive strategic direction and growth of the business, with the aim of better meeting clients’ current and future business needs.
According to Northern Trust, the appointment comes partly as a response to regulatory change and challenging business models, which are encouraging clients to reconsider their business models.
The new hire is also in line with business growth, and follows the appointment of Ian Hamilton as a sales manager for the asset servicing business.
Penelope Biggs, head of the Northern Trust institutional investor group for Europe, the Middle East and Africa, said: “We understand the pressures institutional investors are facing—particularly asset owners who manage their assets in house.”
“Our capabilities and approach to managing relationships, coupled with James Wright’s experience in back- and middle-office solutions, will ensure we are well placed to support our clients’ strategic aspirations and practical business needs.”
