Northern Trust has appointed Sheldon Woldt to the newly created role of head of the Middle East, responsible for leading the continued growth of its business in the region.
Wilson Leech, chief executive officer, EMEA, Northern Trust, said: "Sheldon's experience working with clients in the region provides him with a fitting base from which to develop the next phase in our Middle East growth strategy, and oversee the continued evolution of our business in the region."
Woldt will re-locate from Chicago to Abu Dhabi, reporting to Penelope Biggs, head of the Institutional Investor Group, EMEA. Locally, he will work closely with Michael Slater, head of the Abu Dhabi office, and Kais Abbas, head of investment business development.
Woldt has been with Northern Trust since 1983, most recently as head of the US insurance client business.
