Northern Trust has named Dan Houlihan as 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, and foundations and endowments, according to a press release. 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,” Pete Cherecwich, president of corporate & institutional services at Northern Trust, stated in the 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,” he said.
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, 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 stated 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.”