Northern Trust has appointed Bo Thulin as new country head for its Nordic business.

Based in Stockholm, Thulin will report to Penelope Biggs, head of the Institutional Investor Group for Europe, Middle East and Africa (EMEA), at Northern Trust.

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In his new role, Thulin will manage the growth and development of Northern Trust’s asset servicing and asset management business activities across Sweden, Finland, Norway and Denmark.

Prior to joining Northern Trust, Thulin worked with JP Morgan as head of the bank’s investor services business in Sweden and Norway.

He has held several management roles in sales, relationship management and product development across his 30 year career.

Biggs said: ""We are delighted to appoint Bo to lead our Nordic office. His experience and in-depth knowledge of the Nordic market will be crucial to ensuring we remain well-positioned to deliver first-class asset servicing and asset management solutions to meet the unique needs of our Nordic clients.

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"Since opening our Stockholm office in 2009, we have seen a 60 percent rise in assets under custody and a 400 percent rise in assets under management, and under Bo’s leadership will continue this momentum, working with our clients to deliver tailored solutions that meet their needs."

Thulin said: "I’m pleased to join Northern Trust at this time, and look forward to combining our global expertise and local market experience to support our clients across the Nordic region."