RIYADH, Saudi Arabia–(BUSINESS WIRE)–Northern Trust (Nasdaq: NTRS) has appointed Kholoud Al Dosari as head of country for Northern Trust in the Kingdom of Saudi Arabia.
Based in Riyadh, Al Dosari oversees the strategic development, business growth and operations of Northern Trust’s asset management business in the country. This local senior management appointment further underscores Northern Trust’s commitment to its clients in the region and the growth of its asset management business in the Middle East.
Prior to joining Northern Trust, Al Dosari was an independent non-executive board member of Northern Trust Saudi Arabia since 2019. She brings nearly 20 years of experience and expertise in management consulting, corporate governance and strategic private equity investments, having worked for prominent family offices, public and private organizations in Saudi Arabia. Most recently, Al Dosari served as director of the Financial Academy, the educational arm of the Saudi Central Bank and Capital Market Authority. Previously, she was Executive Director of CFA Society Saudi Arabia.
James Wright, boss of Europe, Middle East and Africa (EMEA) Asset Owners commented: “Saudi Arabia is an important strategic market for Northern Trust. Since opening our office in Riyadh in 2013, we have expanded our services and capabilities, and made key appointments with local experts, to meet the evolving needs of our clients in this region. With Kholoud’s experience and deep understanding of the local market, she is well positioned to help us execute our growth strategy, deepen our relationships and improve our client services.
Northern Trust began serving customers in the Middle East in 1987. Today, it has 30 employees spread between Riyadh and Abu Dhabi who provide market coverage six days a week from Sunday to Friday, leveraging support from the world organization. The team provides a full suite of solutions to a broad client base that includes many of the region’s largest sovereign wealth funds, central banks, intergovernmental/governmental organisations, asset managers and family offices.
Northern Trust EMEA Asset Owners provides services to over 330 clients with collectively over $2.54 trillion (as of December 31, 2021) in assets under custody in the EMEA region. It focuses on supporting the evolving front and back office needs of pension funds, insurance companies, non-profit organizations, central banks and sovereign wealth funds and other intergovernmental agencies in the EMEA region.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking services to businesses, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 23 US states and Washington, DC, and 23 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2022, Northern Trust had assets under custody/administration of US$15.5 trillion and assets under management of US$1.5 trillion. For more than 130 years, Northern Trust has distinguished itself as an industry leader for its exceptional service, financial expertise, integrity and innovation. Visit us at northtrust.com. follow us on Twitter @NorthernTrust or Northern Trust Corporation on LinkedIn.
Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 USA, incorporated with limited liability in the USA Global legal and regulatory information can be found at https://www.northerntrust.com/terms -and-conditions.
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