CHICAGO--(BUSINESS WIRE)--Sep 4, 2018--Northern Trust (Nasdaq: NTRS) announced today that Dan Houlihan has been named Head of Asset Servicing, Americas, a newly-created position responsible for delivering the full range of front, middle and back office services to both asset owners and asset managers across the region.

In his new role Houlihan will lead Northern Trust’s business servicing institutional investors across the Americas, including corporations, public pensions, foundations and endowments. He will also continue as regional head of Global Fund Services (GFS), providing custody, fund administration, investor servicing and middle office capabilities to asset managers.

“This appointment marks an important step in the evolution of Northern Trust’s global asset servicing business,” said Pete Cherecwich, President of Corporate & Institutional Services at Northern Trust. “We see a convergence in the needs and expectations of asset owners and investment managers across back, middle and front office solutions, including outsourcing operational elements of their business and the demand for real-time data and analytics. Dan’s understanding of this business – the converging needs of this client base and the advantages technology can bring to bear - will be a powerful combination in this new role.”

Houlihan joined Northern Trust in 2008 and led Investment Operations Outsourcing before he was named head of GFS Americas in 2012. Prior to Northern Trust, he spent 19 years in leadership positions for investment management, technology, and services companies, including Citisoft, Inc. where he was President. Houlihan has been Chairman of the Board for the National Investment Company Service Association (NICSA) since 2016.

“This an exciting time in financial services as we couple our servicing expertise with emerging technologies to deliver increasingly intuitive and insightful information to help drive performance for our clients,” Houlihan said. “I look forward to working with our team and partnering with clients across the region to help shape the next-generation technology and operating model.”

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has offices in the United States in 19 states and Washington, D.C., and 23 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of June 30, 2018, Northern Trust had assets under custody/administration of US$10.7 trillion, and assets under management of US$1.1 trillion. For more than 125 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit northerntrust.com or follow us on Twitter @NorthernTrust.

Northern Trust Corporation, Head Office: 50 South LaSalle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/disclosures.

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CONTACT: Northern Trust

EMEA Contact:

Camilla Greene

+44 (0) 207 982 2176

Camilla_Greene@ntrs.com

or

US & Canada Contact:

John O’Connell

+1 312 444 2388

John_O'Connell@ntrs.com

http://www.northerntrust.com

KEYWORD: UNITED STATES NORTH AMERICA ILLINOIS

INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE

SOURCE: Northern Trust

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PUB: 09/04/2018 09:30 AM/DISC: 09/04/2018 09:30 AM

http://www.businesswire.com/news/home/20180904005103/en