Northern Trust gives Baillie Duchy post

Northern Trust has appointed Ian Baillie as managing director of its planned fund services business in Luxembourg. The office is scheduled to open once regulatory approval is complete.

Mr Baillie will report directly to Stephen Potter, senior vice-president and head of Northern Trust’s international business, based in London.

He was previously managing director at the Bank of New York (Luxembourg). Prior to that, he held a number of senior positions at Chase Manhattan Bank, including postings in New York, Australia and the UK.