Northern Trust Corp. announced Tuesday that it is expanding further into Europe by opening its first office in the Netherlands.
The Amsterdam office is primarily intended to represent Northern Trust's asset servicing and asset management businesses; its staff is client relationship management and business development people.
Paul Cutts was named managing director of the office and will relocate from London where, most recently, he oversaw the asset servicing group's relationship management team for Dutch clients. He has more than 20 years' experience in the asset servicing business and joined Northern Trust in 1992. Since then he has been responsible for client service groups in the United Kingdom, continental Europe, and the Middle East.
Northern Trust, a multibank holding company based in Chicago, has 84 offices in 18 U.S. states and 12 international offices in North America, Europe, and the Asia-Pacific region. It had $2.9 trillion of assets under management at Dec. 31.
