Northern Trust expands alternatives fund business in Europe

Ridhima Sharma
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Northern Trust expands alternatives fund business in Europe

Northern Trust has announced the appointment of Sara Gilbert to spearhead business development for its alternatives asset servicing business in Europe.

This key hire underscores Northern Trust's continuing strategic focus on alternatives, where it now supports over US$1.4trn in assets on behalf of global asset managers and asset owners.

In her role as a senior executive for alternatives business development, Gilbert will be responsible for further accelerating Northern Trust's asset servicing solutions for multi-class strategies including private equity, private debt, real estate, infrastructure and hedge funds.

Based in Luxembourg, she joins the multi-jurisdictional Europe, Middle East and Africa (EMEA) business development team which is focused on building relationships with managers and asset owners across the globe looking to establish funds in Luxembourg, Ireland, the United Kingdom and Guernsey.

Gilbert joins Northern Trust from AltaReturn in Hong Kong, where her role was focused on expanding their business into Asia-Pacific. She previously held roles at SS&C Technologies, SunGard/FIS, PerTrac, Financial News and the Financial Times.

Clive Bellows, head of Global Fund Services for EMEA, at Northern Trust said: "Gilbert has extensive global experience working with alternative asset managers, helping them achieve best practice in their operating models,  enhance efficiency, decision making and investor engagement. Her appointment, combined with Northern Trust's innovative products and services will drive our continued growth across the alternative asset investment spectrum."