Barry Sagraves, a seasoned executive with a background in U.S. and European asset management, has been hired as CEO of London-based Northern Trust Global Investments' (NTGI) European business.

He will be responsible for the Northern Trust unit's multi-manager, quantitative, active equity, active fixed income, securities lending, transition management and cash management products.

Sagraves reports to both Steve Potter, head of Northern Trust's international businesses, who is also based in London, and Stephen B. Timbers, vice chairman of the Northern Trust Corporation and president of Northern Trust Global Investments in Chicago.

Sagraves joins NTGI from Martin Currie Limited in Edinburgh, where he was a director of the firm and head of corporate strategy. Previously, he held leadership roles in investment banking and asset management at Nuveen Investments.

"Barry brings significant marketing, strategic planning and financial expertise to Northern Trust's growing European asset management business," said Potter in the release. "His unique background and asset management experience in both the U.S. and Europe position him well to make an immediate contribution."

NTGI reports that it currently manages nearly $8.5 billion in assets out of the London office. 

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