Northern Trust has strengthened its global family offices team in London with two new hires to support the complex needs of ultra-high-net-worth (UHNW) families and their family offices and foundations.
John Elder has been appointed to the newly created role of managing director and senior investment advisor of multi-manager solutions and Jonathan Lidster has been appointed as a senior wealth strategist.
In his new role, Elder will be responsible for advising family offices and related family foundations on the creation, implementation and oversight of complex investment programs and solutions.
Prior to joining Northern Trust, Elder advised on and implemented business strategy, governance and practices for family offices and institutional investors and has also served as a non-executive director on the boards of various investment funds.
Lidster in his new role will be responsible for developing relationships with both existing and prospective clients, as well as increasing the awareness of Northern Trust’s wealth management solutions across EMEA.
Previously, Lidster served as an independent advisor to a Single Family Office in London, and before this he served as a co-founder and COO of Global Partnership Family Offices.
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Daniel Lindley, head of Northern Trust’s global family & private investment offices group in EMEA, said: "We are delighted to welcome Elder and Lidster to the group.
"Our clients implement sophisticated investment programs, utilize multiple asset managers, require complex reporting and often work within the framework of a family office to manage and oversee a variety of financial needs and wealth transfer strategies."