UK/EUROPE - Barry Sagraves has been appointed to the newly created post of chief executive officer of Northern Trust Global Investments' European investment business, headquartered in London.
His will now oversee the management of NTGI’s capabilities in multi-manager, quantitative, active equity, active fixed income, securities lending, transition management and cash management products. These responsibilities were covered previously by Steve Potter, head of Northern Trust's international businesses, who is also based in London.
Sagraves reports jointly to Potter and Stephen Timbers, vice chairman of the Northern Trust Corporation and head of NTGI’s headquarters Chicago.
Sagraves joins NTGI from Martin Currie in Edinburgh where he was a director of the firm and head of corporate strategy. Previously, he held leadership roles in investment banking and asset management at Nuveen Investments in Chicago.
Commenting on the appointment, Potter said: Barry brings significant marketing, strategic planning and financial expertise to Northern Trust's growing European asset management business.
“His unique background and asset management experience in both the US and Europe position him well to make an immediate contribution.”
NTGI currently manages nearly US$8.5bn in assets from its London office.
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