CHICAGO--(BUSINESS WIRE)--

Northern Trust announced today the hiring of Melanie Pickett as head of Front Office Solutions, a new line of business within asset servicing centered on meeting the operational and technology needs of complex asset allocators across the globe.

In her role, Pickett will be charged with the acceleration and leadership of Northern Trust’s Front Office Solutions for large endowments, foundations, sovereign wealth funds, pensions, insurance and multi-family offices. Pickett will lead a team focused on leveraging Northern Trust’s global resources and expertise to build solutions that meet the demands of the in-house investment teams within these organizations.

Pickett brings over 15 years of experience in a variety of senior operations and technology roles, most recently as Chief Operating Officer of Emory Investment Management, one of the top 20 endowment investment programs in the United States. Pickett is also a founding Advisory Board member for the Investment Management Due Diligence Association (IMDDA).

Prior to Emory Investment Management, Pickett spent over a decade managing operations and technology strategy within the Global Wealth Management division of Morgan Stanley. Pickett holds a bachelor’s degree from the University of Georgia and an Executive Masters of Technology Management, a joint degree granted by the Wharton School of Business and the University of Pennsylvania School of Engineering and Applied Sciences. She is also a Chartered Due Diligence Analyst (CDDA).

The new Front Office Solutions group will capitalize on the strengths of Northern Trust’s existing platform, combined with high-quality operational expertise to bring innovative new capabilities across data aggregation, data enhancement and data analytics to support clients in their informed decision making and investment execution.

“Having spent her career designing and executing large-scale change within financial services organizations, Melanie is a tremendous addition to our team,” said Pete Cherecwich, President of Corporate & Institutional Services at Northern Trust. “The needs of global asset owners and allocators have changed dramatically over the last decade and continue to rapidly evolve. It is critical we lead with a forward-looking operational and technology solution, combined with a first-class service offering to meet a complex set of investor expectations – especially in the highly challenging area of alternative investments.”

Northern Trust’s asset servicing business provides highly specialized and innovative solutions for some of the most sophisticated institutional investors across the globe, including pension funds, corporates, insurance companies, central banks and sovereign wealth funds, as well as global investment managers, and fiduciary managers. Its client base and asset class capabilities span traditional funds, hedge funds, fund of funds, tax-transparent funds, exchange traded funds, private equity, real estate, and infrastructure.

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 22 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of December 31, 2016, Northern Trust had assets under custody of US$6.7 trillion, and assets under management of US$942 billion. 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.

© 2017 Northern Trust Corporation. Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A. Incorporated with limited liability in the U.S. Products and services provided by subsidiaries of Northern Trust Corporation may vary in different markets and are offered in accordance with local regulation. For legal and regulatory information about individual market offices, visit northerntrust.com/disclosures.

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