Northern Trust names EMEA derivatives head

Northern Trust has appointed Allan Watson head of derivatives operations for Europe, the Middle East and Africa. He joins from Bank of America, where he was a manager in the exotic rates middle office, and will work in London, reporting to global head of derivatives operations, Stephen Andress.

In his newly created post Watson will manage the teams responsible for over-the-counter and exchange-traded derivatives and for providing collateral management services for buy-side clients who outsource