In other People Moves news, LiquidityBook fills a key EMEA post, and Wells Fargo Securities adds to its equity research group.
Northern Trust to Expand Staff over Five Years
Michael Noonan, finance minister, Ireland
Northern Trust, a provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals, reports that it will expand its operations in Limerick, Ireland, by adding up to 400 new jobs over the next five years.
This the fourth time Northern Trust has significantly expanded its operations on the Emerald Isle, the firm says.
Northern Trust has had a presence in Ireland since 1989 and opened its Dublin office in 2000. Its first Limerick office opened in 2007 with 19 staff and today it employs 1,000 people across its two sites in Limerick at Hamilton House and City East Plaza, per the firm.
The expansion was jointly announced by Northern Trust, Michael Noonan, the Irish minister for finance, and Mary Mitchell O’Connor, the Irish minister for jobs, enterprise and innovation.
LiquidityBook Taps Eze Software Group for EMEA Post
LiquidityBook, a software-as-a-service (SaaS) based provider of buy- and sell-side trading software, reports the addition of Nicholas Thompson as manager, client services — EMEA.
Thompson will be responsible for “leading the firm’s London team and overseeing all service and deployment aspects for its expanding client base in the [EMEA, or Europe, the Middle East and Africa] region,” according to the vendor.
Thompson joins from Eze Software Group, where he was senior client engagement manager for EMEA and was responsible for product implementation across the region, according to a statement. “Prior to his time at Eze he served as Senior Portfolio Services Analyst for Fidelity Worldwide Investments, and before that he was a trader at Thurleigh Investment Managers in London,” according to LiquidityBook.
Wells Fargo Securities Names MD for Equity Research Group
Wells Fargo Securities, the investment banking and capital markets business of Wells Fargo & Company, reports that Mike Mayo, a veteran analyst, will join the global research, economics and strategy division this month as managing director and head of U.S. large-cap bank research.
Mayo will be based in New York, reporting to Sam Pearlstein and Todd Wickwire, co-heads of equity research, officials say.
“Mike’s stature in the industry is well-recognized. We are thrilled to have such an influential voice in this critical sector join our growing platform,” says Diane Schumaker-Krieg, global head of research, economics and strategy at Wells Fargo Securities, in a prepared statement. “We look forward to Mike collaborating with our existing financials research teams to bring unparalleled expertise to our clients around the globe,” she adds.
He joins from CLSA Americas, where he was a managing director and head of U.S. bank equity research, Wells Fargo says, noting also that he was the “first analyst to testify on the causes of the financial crisis to the Financial Crisis Inquiry Commission, and the only Wall Street analyst to testify before the U.S. Congress for the passage of the Sarbanes-Oxley Act.”
Mayo’s background includes “analyst positions at UBS, Lehman Brothers, Credit Suisse, Prudential and Deutsche Bank,” per Well Fargo, which notes also that Mayo began his career in 1988 as a bank analyst at the Federal Reserve in Washington, D.C.
Wells Fargo Securities provides such capital markets products and services as public debt and equity origination and distribution, investment research, interest rate, commodity and equity risk hedging, mergers and acquisitions advice, prime services, structured lending facilities, and municipal bond origination. Its institutional capital markets business includes more than 4,200 employees in 50+ locations across the U.S., Europe and Asia.
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