LONDON, Oct 28 –Northern Trust (Nasdaq: NTRS) today announced that Andy Ponsford has joined the company as Head of Insurance, Europe, Middle East and Africa (EMEA). In this newly created role, Ponsford will lead the continued expansion of Northern Trust’s insurance servicing capabilities across the region, helping to deliver an integrated operating model designed to support the operational, accounting, investment and regulatory needs of insurance companies.
Northern Trust currently serves more than 200 insurance clients globally, representing approximately $1.3 trillion in assets under administration and custody. It extends its proven insurance servicing expertise across the region, providing insurance companies with an integrated solution designed to support multi-asset class portfolios across markets and jurisdictions. This and the creation of this new role reflect the firm’s broader strategy to deliver a comprehensive servicing ecosystem tailored to the unique needs of insurers.
In his role, Ponsford will be responsible for driving the strategic growth of Northern Trust’s insurance business across EMEA, strengthening client relationships, advancing the firm’s insurance servicing capabilities and helping clients navigate evolving market, regulatory and operational demands.
Ponsford brings more than 25 years of experience in financial services, with deep experience leading insurance coverage and scaling businesses. Most recently, he served as Managing Director, Global Head of Insurance & Funds and Head of Corporate Strategic Solutions at Barclays Bank PLC. Prior to Barclays, Ponsford held several senior leadership positions at J.P. Morgan.
“Andy brings extensive experience serving insurance clients and a deep understanding of the challenges and opportunities facing the industry,” said Ian Hamilton, Head of Asset Owners, EMEA at Northern Trust. “As we continue to enhance our insurance capabilities across EMEA, his leadership will be key in helping us deliver solutions that meet insurers’ evolving needs. We are delighted to welcome him to Northern Trust and look forward to the impact he will make for our clients and our business.”
Northern Trust offers solutions to nearly 3,000 institutional clients in 53 countries. From alternative asset services to banking and liquidity, capital markets, regulatory, securities, fund services and retirement solutions, Northern Trust is differentiated by a commitment to client service, integrity and technology innovation.