Market Overview

Dan Houlihan Appointed to Senior Leadership Role as Head of Northern Trust Asset Servicing, Americas


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

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
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

View Comments and Join the Discussion!