Northern Trust

Lucille Knapp who is part of the Wealth Management EMEA management team at Northern Trust is part of the world-wide group whose clients include 22% of Forbes 400 families who are the richest people on the planet. Northern Trust also has US$761.4 billion under investment management and US$4.1trillion under custody, making them one of the world’s most formidable private wealth asset managers, fiduciaries, bankers and custodians. With clients now resident in wealth hot spots like Monaco, Lucille who studied her management MBA at INSEAD, spends her time jetting to see them.

Starting her career in the oil industry at SHELL, Lucille worked in IT, Public Affairs and Commercial Fuels marketing for seven years before eventually heading into asset administration and private wealth. “It was a fascinating area.” She says. “And I could easily have stayed longer, but, I’d always promised myself an MBA.” She departed for INSEAD “to push herself” and says she is glad she did. “I met diverse people like vets and brain surgeons; got to grips with economics and spent a lot of time out of my comfort zone.” She raises her eyebrows gently and smiles to highlight the point. After this life changing, educational experience she spent time as a marketing consultant working for publishing houses on various projects, one of which included setting up a charity for an institute of art and design: “to give something back.”

Lucille, who exudes wisdom and kindness, says she’s spotted a strong trend for wealthy families wanting to set up a “family office” type framework and move away from large investment management organisations.

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