NETHERLANDS - Northern Trust has appointed Wim van Ooijen to head up its Netherlands business.
Van Ooijen, who was previously head of Northern Trust's Dutch relationship management team, replaces Eric Pouwels, who has been named director of strategic development for Europe, Middle East and Africa (EMEA).
In his new role Van Ooijen will be responsible for all asset servicing business development, sales and client activities across The Netherlands and will serve as the primary contact for regulators.
"The Netherlands continues to be a key market for Northern Trust and one in which we have been increasingly successful as a corporation for many years," said Penelope Biggs, head of Northern Trust's institutional investor group, EMEA.
"Wim has a wealth of experience in supporting the sophisticated needs of our business in the region and we are delighted to promote him to lead our Dutch operations as we drive future growth."
Biggs said Pouwels will focus on Northern Trust's business strategy for growth across EMEA.
"We are seeing an increasing demand from institutional investors and asset managers for solutions that can support their diverse and changing requirements, not least those driven by impending regulations such as UCITS and the AIFM directive," she added.
"Eric's role is to focus on expanding our end-to-end asset servicing and asset management solutions to support these clients, as we build our business across the EMEA region."
The Next Generation Pensions Committee is on a mission to promote and encourage younger voices in the industry. Kim Kaveh looks at its key objectives
This week's top stories included an analysis finding the cost of equalising guaranteed minimum pensions in schemes could hit FTSE 100 profits by up to £15bn.
Employers whose dividend to deficit recovery contribution (DRCs) ratios fall outside the "normal range" should expect to see higher regulatory scrutiny, although no fixed ratio will be set.
Investment consultants and fiduciary managers should expect a final decision on the investigation into the market to be published by the end of the year, the competition watchdog says.