LONDON, 18 January 2010 – Northern Trust (NASDAQ: NTRS) has appointed Paul Guilbert as head of its Jersey office in the Channel Islands.
In his new role, Paul Guilbert, who has been with Northern Trust’s Guernsey business for 13 years, oversees all aspects of service delivery to a growing number of Northern Trust clients who receive offshore fund administration support from the Jersey office. Jersey is a key centre for Northern Trust’s Global Fund Services business, which provides extensive fund administration services for traditional and alternative funds including private equity funds, real estate funds, hedge funds, funds of hedge funds and infrastructure funds. Paul Guilbert is responsible for growing the depth and breadth of Global Fund Services business in Jersey.
Paul Guilbert originally joined Northern Trust’s private equity fund administration division in Guernsey in 1997, and was later appointed head of the global private equity fund administration business. Guilbert will retain this role, supported by the heads of private equity fund administration for each jurisdiction who will continue to report to him.
Paul Guilbert is a member of Northern Trust’s Channel Islands executive committee and a member of the board of Northern Trust’s Guernsey fund administration company.
“Paul brings a wealth of senior management experience and detailed industry and technical knowledge of the offshore fund business to this important role,” said Vic Holmes, Chief Executive Officer of Northern Trust’s Channel Islands operations. “Jersey has been at the forefront of international financial services developments for more than 40 years. As Northern Trust’s fund servicing business continues to grow, Paul will have a crucial role in ensuring that our Jersey operation continues to grow in line with our high expectations.”
“With its innovative financial environment, Jersey is a highly regarded jurisdiction whose favourable characteristics have helped it to develop into a key centre for collective investment schemes,” said Paul Guilbert. “In Jersey, Northern Trust provides comprehensive fund administration services for conventional and alternative funds including a range of fund structures such as companies, limited partnerships and unit trusts. I am delighted to have been appointed to lead it into the future.”
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of investment management, asset and fund administration, banking solutions and fiduciary services for corporations, institutions and affluent individuals worldwide. Northern Trust, a financial holding company based in Chicago, has offices in 18 U.S. states and 16 international locations in North America, Europe, the Middle East and the Asia-Pacific region. As of September 30, 2009, Northern Trust had assets under custody of US$3.6 trillion, and assets under investment management of US$611 billion. For 120 years, Northern Trust has earned distinction as an industry leader in combining exceptional service and expertise with innovative products and technology. For more information, visit www.northerntrust.com.