Penelope Biggs was named executive vice president and head of Northern Trust’s institutional investor group, which handles investment services for Europe, the Middle East and Africa, confirmed spokeswoman Camilla Greene.
Ms. Biggs replaces Peter Holman, who became senior vice president and chief administration officer for EMEA. Both are based in London.
Ms. Biggs formerly was executive vice president and head of business development, marketing, product and strategy for EMEA at Northern Trust. She will keep those duties in her new role, and will continue as the chair of Northern Trust’s Retirement Solutions Practice, an advisory group.