Northern Trust has tapped company veteran Sheldon Woldt to lead the bank’s expansion in the Middle East. In this newly created role, Woldt will work with regional management in Europe, the Middle East and Africa and draw on “Northern Trust’s asset servicing, asset management and wealth management expertise serving institutional asset owners, asset managers and family office clients,” the bank said in a statement.

Woldt will relocate from Chicago to Abu Dhabi and will report to Penelope Biggs, head of the Institutional Investor Group, EMEA.

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