Northern Trust has appointed Marco Siero to the newly created role of senior sales representative for Luxembourg.

Siero will be tasked with speeding up the growth of the client base and expanding the delivery of the firm’s specialist fund servicing capabilities to global investor.

Siero, who has an experience of over 25 years in the investor services industry, most recently served as managing director client service and solutions for Europe at RBC Investor Services in Luxembourg.

Northern Trust Luxembourg country head Steve David said: “Marco’s familiarity with the Luxembourg market, knowledge of our business, and an understanding of client requirements and the regulatory environment ensure he is well placed to continue to drive momentum.”

Northern Trust set up its Luxembourg office in 2004 and currently employs nearly 140 staff at its Senningerberg office.

Northern Trust head of global fund services for Europe, Middle East, Africa said: “Luxembourg is one of the world’s largest fund markets and Northern Trust is at the heart of this, offering the full range of asset servicing solutions across traditional and alternative asset classes to some of the world’s largest and most sophisticated asset managers and asset owners.

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“We are focused on continuing to expand our business in Luxembourg with key hires like Marco.”