Northern Trust (NTRS) Announces Leadership Changes

Northern Trust (NASDAQ: NTRS) announced that Clive Bellows, currently Head of EMEA Global Fund Services, will assume the role of President, Europe, Middle East and Africa (EMEA). The move will take effect in the coming months, pending regulatory approval.

Bellows will succeed Teresa Parker, President, Europe, Middle East and Africa, who plans to retire at midyear, culminating a 42-year, globe-spanning career at Northern Trust.

“Teresa has been a tremendous partner in all aspects of our business, and we thank her for ably representing Northern Trust with professionalism, integrity and consummate leadership,” Chairman and Chief Executive Officer Michael O’Grady said. “Clive brings a wealth of experience to this role and is an ideal leader to head our EMEA region.”

Upon taking the EMEA President role, Bellows will join Northern Trust’s Management Group and report to Pete Cherecwich, President of Asset Servicing. His experience includes global responsibilities for Northern Trust's private capital business lines, supporting asset managers in achieving operational efficiency across alternative assets, as well as Northern Trust’s fund administration and depositary businesses across Europe. Bellows is a Certified Investment Fund Director (CIFD) and chairs the CIFD Advisory Committee.

Parker, who joined Northern Trust in 1982, created a strong foundation of risk management and sustainable growth across asset servicing, asset management and wealth management in the EMEA region. Parker has been based in London, Singapore and Chicago and has held numerous executive leadership roles including Chief Operating Officer for Northern Trust’s Asset Servicing business unit; Head of the Asia Pacific Region (APAC); and Global Head of Securities Lending.

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