Northern Trust's Channel Islands' businesses have a new chief executive, following the appointment o...
Northern Trust's Channel Islands' businesses have a new chief executive, following the appointment of Vic Holmes, currently managing director of its international fund administration operations in Dublin.
Holmes will relocate to Guernsey to take up the role, as well as that of managing director of Northern Trust's International Fund Administration Services (Guernsey).
He will be replaced in Dublin by Gerry Brady, who will become managing director of the office which services more than 550 funds with approximately US$100bn in assets under administration.
Brady comes to Northern Trust from Capita Financial Group based in Dublin where he has been managing director for Ireland since 2005. Previously, he worked for Bank of Bermuda, latterly as regional managing director for Europe and Bank of Bermuda, Ireland.
Wilson Leech, head of the Northern Trust global fund services business, commented: "Northern Trust is now one of the largest, fastest-growing fund administrators in Europe, with expertise in servicing a broad range of fund types. Gerry is joining an expanding operation in Ireland and both he and Vic will have the important role of managing the growth of our Dublin and Channel Islands businesses, while ensuring that Northern Trust remains at the forefront of the international fund servicing industry."
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