Northern Trust, a Chicago-headquartered financial services firm, has made a series of changes to its institutional brokerage, by announcing this Thursday that it has appointed Guy Gibson as global head of Institutional Brokerage and Anna Ranaldi as the global chief operating officer of Institutional Brokerage.
In their new positions, Gibson will be based in London, UK and Ranaldi, who is also the president of Northern Trust Securities, the company’s US broker-dealer, is based in Chicago, US. The two will continue to report to Michael Vardas, global head of Northern Trust Capital Markets.
Before being appointed to the newly-created position, Gibson was the company’s head of Institutional Brokerage for Europe, Middle East, and Africa and Asia-Pacific. Prior to this, in 2007, he co-founded the institutional equity brokerage Aviate Global LLP, which was then acquired by Northern Trust in 2016.
Anna Ranaldi to Continue as Northern Trust Securities President
Ranaldi, on the other hand, has had an extensive career with Northern Trust, beginning back in 1986. Throughout the past 33 years, she has held a number of positions with the firm, including leadership roles in Asset Servicing and Asset Management, before moving to Capital Markets in 2009.
Michael Vardas, global head of Northern Trust Capital Markets
Source: LinkedIn
Commenting on the appointments, Michael Vardas said: “These newly created positions mark an important step in the evolution of Northern Trust’s Institutional Brokerage business. Guy and Anna’s leadership and extensive experience will be invaluable as we continue to grow our global capabilities in response to significant client demand.”
“This is an exciting time for our brokerage business with our recently launched Integrated Trading Solutions now supporting multiple clients across the globe, from sophisticated asset owners to boutique funds, to hedge funds, through to large global asset managers. The cost and operating model efficiencies achieved through this outsourced trading capability are recognized by our clients and we expect this solution to continue to grow strongly in 2019 and beyond,” he added.
