Northern Trust Corp. has appointed Dan Houlihan to the newly-created position of head of asset servicing for the Americas.

Houlihan will be responsible for leading the firm’s institutional investor business in the region, which includes public pensions, foundations, endowments and corporations. He will also continue in his role as regional head of global fund services, which provides custody, fund administration, investor servicing and middle office capabilities to asset managers.

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“This appointment marks an important step in the evolution of Northern Trust’s global asset servicing business,” said Pete Cherecwich, president of corporate and institutional services at Northern Trust, in a press release. “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.”

Prior to the appointment, Houlihan was in a senior vice-president role as global head of product and strategy and leader of Northern Trust’s investment operations outsourcing division. Before joining Northern Trust in 2008, Houlihan served as senior vice-president of financial services for TopCoder Inc. and president of Citisoft Inc.

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“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,” said Houlihan in the release. “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.”

Copyright © 2019 Transcontinental Media G.P. Originally published on

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