Northern Trust Reinforces Strategic Commitment to the Middle East Region with Three Key Senior Appointments

Appointments in Line with Sustained Growth and Enhanced Capabilities

(BUSINESS WIRE/AETOSWire)-- Northern Trust (Nasdaq: NTRS) has made three executive appointments in the Middle East in support of its continued expansion in the region.

Michael Slater has been named head of the Middle East and Africa. From his base in Riyadh, he is responsible for Northern Trust’s business across the region. Slater will continue as chief executive officer of Northern Trust Saudi Arabia. He joined Northern Trust in 2005 and has 22 years of experience working across the Middle East region.

Edgar D’Mello has been appointed as head of client management and is responsible for the oversight of relationship management and client activities for Northern Trust’s institutional business across the Middle East and Africa. D’Mello will be the senior executive officer for the Abu Dhabi branch. D’Mello was most recently client executive for key clients in the region.

Assuming the newly created role of chief operating officer for Northern Trust across Middle East and Africa, is Mitesh Sharma. Relocating to Riyadh, he will be responsible for direction and control of all operational activities across the region. He was most recently country manager, India, within Northern Trust’s Enterprise Operations.

“We are excited to announce these three strategic appointments that are in line with expanding our regional capabilities, and the increasing scope of opportunity in the region,” said James Wright, head of Institutional Investor Group, for the UK, Middle East and Africa at Northern Trust. “We see significant potential to bring our advanced technology solutions to our Middle East client base.”

Northern Trust first began servicing clients in the Middle East in 1987. Today it services a portfolio of high profile clients that include many of the largest sovereign wealth funds, central banks, inter-governmental and governmental organizations in the region. Over the last five years it has doubled its client base and the assets it services in the region.