back Back

Northern Trust names senior appointments for Middle East and Africa business

By Edil Corneille

September 11, 2020

  • Africa
  • Middle East
  • Northern Trust
Share

Northern Trust, logo, wealth management, asset servicing, asset management, banking Chicago-based Northern Trust announced two strategic appointments to its Middle East and Africa senior management team in The Kingdom of Saudi Arabia. These appointments underscore the commitment of the company to its clients by recruiting local talent to support the continued growth of its asset servicing and asset management business across the region.

Areej Al-Mokbel has been appointed chief operating officer for the Middle East and Africa, responsible for overseeing business operations for Northern Trust’s offices in Riyadh, Saudi Arabia and Abu Dhabi, United Arab Emirates. She is tasked with the day-to-day and strategic management of Northern Trust’s administrative and operational capabilities as it supports the evolving requirements of clients across the Middle East and Africa.

Al-Mokbel has more than 20 years of experience working in the financial services industry. She has spent over 12 years working in asset management and asset servicing, holding senior management and business leadership positions with HSBC Saudi Arabia. Prior to that, she held a number of technology management positions with SABB, formerly known as the Saudi British Bank.

Effat Badeeb has been appointed deputy country manager at The Northern Trust Company of Saudi Arabia, overseeing the day-to-day management of Northern Trust’s business. Her responsibilities include business management, talent development and exercising financial and regulatory oversight of business activities in the Kingdom of Saudi Arabia.

She will also lead strategic initiatives to deepen relationships with regulators and key stakeholders, and support the alignment of Northern Trust’s business with the Kingdom’s Vision 2030 strategic framework for the diversification and development of its economy.

Badeeb has 14 years’ experience in the financial industry, having previously held senior positions with HSBC Saudi Arabia and BNP Paribas Investment Company. Prior to her current role, she was Northern Trust’s chief compliance officer for the Middle East.

Both Al-Mokbel and Badeeb will report to Michael Slater, head of Middle East and Africa at Northern Trust.

Slater comments: “Financial services continue to develop in sophistication across the Middle East and Africa, and against this backdrop the addition of Areej and Effat further strengthens our management team with local industry leadership and expertise. Their appointment supports our clients’ evolving requirements for asset servicing and asset management solutions that help them meet the challenges and capitalize on the opportunities of future technological and industry change.”

Northern Trust began servicing clients in the Middle East in 1987 and has seen significant growth across its regional business. Northern Trust has 29 staff in Abu Dhabi and Riyadh – and has more than doubled this team over three years. The team provides a comprehensive range of solutions to a broad base of clients that include many of the largest sovereign wealth funds, central banks, inter-governmental/governmental organizations, asset managers and family offices in the region.

Previous Article

September 11, 2020

Funding Societies announces key management changes to prepare for post COVID-19 growth

Read More
Next Article

September 11, 2020

Standard Chartered Bank, bKash and Valyou launch service powered by Ant

Read More








IBSi Daily News Analysis

March 22, 2024

Africa

Industry experts stress modernization, sustainability, and AI as cornerstones for future of corporate banking, Finastra study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

March 28, 2024

Sindhuja Microcredit secures $14.5m in Series C Funding round

Read More

March 28, 2024

Pulsate joins the Jack Henry™ Vendor Integration Program

Read More

March 27, 2024

5 Digital banks revolutionising the FinTech landscape in Hong Kong

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023