Skip to content

Regulatory Information

The Northern Trust Company of Saudi Arabia

Dr. Fawaz Al-Alamy

Dr. Fawaz Al-Alamy

Chairman of The Northern Trust Co. of Saudi Arabia (2014 – Present)
Dr. Fawaz Al-Alamy has a breadth of experience and today is founder and director of a consultancy firm in Riyadh.
Michael Slater

Michael Slater

CEO - TNTCoSA (2013 – Present)
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.
David C. Wicks

David C. Wicks

Board Member (2013 – Present)
David Wicks is based in London and has regional responsibility for Enterprise Operations in Europe, Middle East and Africa.
Kholoud Aldosari

Kholoud Aldosari

Independent Board Member
Kholoud Aldosari has 14+ years of experience in Corporate Communication and Investment Management. Kholoud has a proven track record in developing and implementing Personal Branding strategies for High profile clients.
Belinda Aspinall

Belinda Aspinall

Board Member (2018 – Present)
Belinda is the Regional Head of the Global Family and Private Investment Offices Group in Europe, the Middle East and Africa, and is based in London.
James Wright

James Wright

Board Member (2018 – Present)
James Wright is Senior Vice President and Head of Northern Trust's Institutional Investors Group in the UK, Middle East and Africa.

Regulatory Information The Northern Trust Company of Saudi Arabia

Financial Reporting

Financial Statements 2018

Financial Statements 2017

Basel Pillar III 2019

Basel Pillar III 2018

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

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.