Northern Trust names Bowers CEO of international investment management unit
Northern Trust has appointed Wayne Bowers as Chief Executive Officer of Northern Trust Global Investments ("NTGI") Limited, the London-based subsidiary, and multi-asset class investment management business of, Northern Trust Corporation.
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In his new role, Mr. Bowers is responsible for the continued growth and development of Northern Trust's investment management business in Europe, Middle East and Africa ("EMEA") and Asia-Pacific ("APAC"). His appointment follows that of Steve Potter, who was recently named President of Northern Trust Global Investments. Mr. Bowers will report to Mr. Potter.
"Wayne's strong leadership qualities, disciplined decision-making and proven investment expertise make him ideally suited to this important role. We are at an exciting point in the development of our global asset management business and are delighted that Wayne will be leading our international activities," said Mr. Potter.
Mr. Bowers brings approximately 20 years of investment and management expertise to his new role. He joined Northern Trust in 1999 as Director of Global Fixed Income, responsible for the London-based fixed income portfolio management team. He was appointed Chief Investment Officer for NTGI Limited in 2007 and has been acting CEO of NTGI Limited since December 2007. Previous roles were with ABN Amro Bank and Hambros Bank.
Mr. Bowers said, "Our investment management business in EMEA and APAC continues to see new opportunities for growth and expansion into new geographical markets and product areas. I am delighted to be leading it at this time of further development as we increasingly draw on the power of the entire Northern Trust organisation to provide innovative and robust solutions to our clients' investment needs."