Northern Trust has given Penelope Biggs a new job. She has been appointed to the newly-created position of head of the firm's Institutional Investor Group for Europe, Middle East and Africa. Biggs will lead client servicing and sales, consulting and marketing for the group, which provides asset servicing solutions to institutional investors, including pension funds, sovereign wealth funds and insurance companies. Biggs, who joined Northern Trust in 1996, was most recently head of business development, marketing, product and strategy for Northern Trust's asset servicing business in EMEA. She also chairs Northern Trust's Retirement Solutions Practice.In a related move, Peter Holman has been named chief administration officer for EMEA, another new position. Holman will oversee Northern Trust's EMEA product team as well as the Investment Risk and Analytical Services group. He has over 25 years of industry experience and joined Northern Trust in 1995.
