Northern Trust (Nasdaq: NTRS) has expanded its transition management team with another key hire, appointing Mike Mahoney (pictured), as a transition manager for Europe, Middle East and Africa (EMEA).

This latest addition highlights Northern Trust’s continued investment in its Capital Markets business which encompasses transition management, institutional brokerage, foreign exchange and securities lending services.
 
Based in London, Mahoney will focus on transition management services for insurance companies and financial institutions across the region. He will be responsible for all aspects of the transition event life cycle, encompassing assignment origination, relationship management, execution strategy and end-to-end project management. He reports to Craig Blackbourn, who was appointed as head of transition management for EMEA in January 2017.
  
Mahoney joins from State Street Global Markets where he was a transition manager and portfolio trader for the last eight years.
 
“Mike’s appointment underlines our continued commitment to investing in our global transition management business,” says Blackbourn, head of transition management, EMEA, Northern Trust Capital Markets. “Northern Trust’s transition management offering is centred around minimising risk and controlling costs alongside maximising transparency for our clients and Mike’s extensive experience will be invaluable in delivering exemplary performance throughout the transition management lifecycle.”