US Banking Group Makes Senior MENA Appointments

Tom Burroughes

9 September 2020

has made two senior female hires for its Middle East and Africa management team in the Kingdom of Saudi Arabia.

Areej Al-Mokbel has been appointed chief operating officer for the Middle East and Africa, responsible for overseeing business operations for Northern Trust’s offices in Riyadh, Saudi Arabia and Abu Dhabi, and the United Arab Emirates.

“She is tasked with the day-to-day and strategic management of Northern Trust’s administrative and operational capabilities as it supports the evolving requirements of clients across the Middle East and Africa,” the US-based banking group said in a statement earlier this week.

Al-Mokbel has more than 20 years of experience working in the financial services industry. She has spent more than 12 years working in asset management and asset servicing, holding senior management and business leadership positions with HSBC Saudi Arabia. Prior to that, she held a number of technology management positions with SABB, formerly known as the Saudi British Bank.

Effat Badeeb has been appointed deputy country manager at The Northern Trust Company of Saudi Arabia, overseeing the day-to-day management of Northern Trust’s business. Her responsibilities include business management, talent development and exercising financial and regulatory oversight of business activities in the Kingdom of Saudi Arabia.

She will also lead strategic initiatives to deepen relationships with regulators and key stakeholders, and support the alignment of Northern Trust’s business with the Kingdom’s Vision 2030 strategic framework for the diversification and development of its economy.

Badeeb has 14 years’ experience in the financial industry, having previously held senior positions with HSBC Saudi Arabia and BNP Paribas Investment Company. Prior to her current role, she was Northern Trust’s chief compliance officer for the Middle East.

Both these individuals report to Michael Slater, head of Middle East and Africa at Northern Trust.