"The creation of this role reflects Northern Trust’s continued business success in the Middle East, our expanding and important client base in the region, and new and exciting opportunities for further growth," said Wilson Leech, chief executive officer, EMEA, Northern Trust.
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Woldt will re-locate from Chicago to Abu Dhabi, reporting to Penelope Biggs, head of the Institutional Investor Group, EMEA.
Locally, he will work closely with Michael Slater, head of the Abu Dhabi office, and Kais Abbas, head of investment business development, said the company.
Woldt, who has been with Northern Trust since 1983 and most recently as head of the US insurance client business, will work with Europe, Middle East and Africa (EMEA) regional management in his new assignmnet.
Woldt will operate from Abu Dhabi office, reporting to Penelope Biggs, head of the Institutional Investor Group, EMEA.
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By GlobalData"Sheldon’s experience working with clients in the region provides him with a fitting base from which to develop the next phase in our Middle East growth strategy, and oversee the continued evolution of our business in the region," Leech said.
Northern Trust opened its representative office in Abu Dhabi in 2008.
