Northern Trust Global Investments, which spent the summer strengthening its money management business in Europe, has a chief investment officer with extensive experience there waiting in the wings.

"We have the platform to perform in Europe," said Orie L. Dudley Jr., who was named last month to succeed James M. Snyder as the company's head of investment strategy. Mr. Dudley, 55, will take the post Oct. 15, when Mr. Snyder becomes vice chairman. Mr. Dudley's mission includes picking stock and setting strategy.

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