Northern Trust has nominated Penelope Biggs as head of its institutional investor group for Europe, Middle East and Africa. Biggs will lead client servicing and sales, consulting and marketing for the institutional investor group, which provides asset servicing solutions to institutional investors, such as pension funds, sovereign wealth funds, and insurance companies. Biggs, who joined Northern Trust in 1996, was most recently head of business development, marketing, product and strategy for Northern Trust’s asset servicing business in EMEA. She also chairs Northern Trust’s retirement solutions practice, an advisory group dedicated to helping institutions navigate the complexities of the global retirement market.