Regulatory Information
The Northern Trust Company of Saudi Arabia
Dr. Fawaz Al-Alamy
Chairman of The Northern Trust Co. of Saudi Arabia (2014 – Present)
Michael Slater
CEO - TNTCoSA (2013 – Present)
Richard Wilson
Board Member (21/09/2020 – Present)
Kholoud Aldosari
Independent Board Member
Belinda Aspinall
Board Member (2018 – Present)
James Wright
Board Member (2018 – Present)
Regulatory Information The Northern Trust Company of Saudi Arabia
Financial Reporting
Board of Directors Report (2019)
Board of Directors Report (2018)
Board of Directors Report (2017)
Authorisation (License) and Commencement of Business Date
The Company operates in the Kingdom of Saudi Arabia under Commercial Registration No. 1010366439 issued on 22/04/1434H (corresponding to 04/03/2013G) by the Saudi Arabian Ministry of Commerce and Industry. Authorised by the Capital Market Authority on 12 September 2012 and commencement date as of 12 September 2013.
Licensed Securities Business
Custody, Advisory, Investment Fund Management and Discretionary Portfolio Management
Licensed by the Capital Market Authority – License No. 12163-26 – C.R:
1010366439.
Commencement date:12/09/2013
Paid-up Capital
Capital of SAR 52 million.
Products and Services
Northern Trust Corporation is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals.
The Northern Trust Company of Saudi Arabia provides global custody, asset management and advisory services to clients in the Kingdom of Saudi Arabia.
Direct Controllers
TNTCoSA’s founding shareholders are wholly owned subsidiaries of the Northern Trust Corporation. The Registered office of the company is located in Riyadh.
Direct Controller Ownership and Structure
Organisation Structure
Senior Executives
Michael Slater (2005 – Present)
Senior Vice President
– Northern Trust
Michael Slater is chief executive of The Northern Trust Company of Saudi Arabia
and director of business development for Corporate and Institutional Services in the
Middle East. Michael is based in Riyadh and has worked in the Middle East since 1996.
Michael has twenty four years of industry experience within asset servicing.
Michael holds a B.S. degree in Economics and Finance from Lipscomb University, Nashville
TN. Michael also holds a certified financial planning certificate from Florida
State University.
Effat Saeed Badeeb (2016 – Present)
Vice President
– Northern Trust
Ms. Effat Badeeb is Chief Compliance and MLRO of The Northern Trust Company of
Saudi Arabia. Effat is based in Riyadh and has worked in compliance since 2006.
Effat has twelve years of industry experience within Compliance and MLRO in
Saudi Arabia. Effat holds a Bachelor’s degree in Sociology from the King Abdulaziz
University as well as CME 1 & 2 – Advanced Compliance Certificate –
Advanced AML Certificate –International Diploma in Compliance with ICA.
Rasha Alkhaldi (2019 – Present)
Vice President
– Northern Trust
She joins TNTCoSA from Mulkia Investment, where she served as CFO and COO. She graduated from King Saud University with a degree in Accounting and later went on to complete an MBA at Murray State University. She has a wealth of experience, including over 14 years within financial services in the region, and many certifications such as Financial Accounting, CME1 and Custody.
Rasha joined Northern Trust effective Sunday 7 July 2019 and will be based in the Riyadh office responsible for all Middle Eastern finance activity for TNTCoSA and the Abu Dhabi branch.
Main Office Address and Contacts Information
Level 20, Kingdom Tower – Al Urubah Road – Olaya District, Riyadh
11321, Saudi Arabia.
Telephone: 011-416-7922
Michael Slater, Senior Vice President
Telephone: +9 665-0694-6567
Email: ms163@ntrs.com.
Clients Complaints
Effat Badeeb, Vice President
Telephone: 0114167945
Email: esb5@ntrs.com.