Northern Trust has promoted Dan Houlihan to run its Americas asset servicing business, with a focus on providing a full front-to-back-office offering to buy-side clients.
Houlihan will take on the newly-created position where he will be responsible for all front-, middle-, and back-office services to asset owners and asset managers.
He will continue with his existing role as regional head of global fund services (GFS), providing custody, fund administration, investor servicing and middle-office capabilities to asset managers.
“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,” said Pete Cherecwich, president of corporate and institutional services, Northern Trust.
“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 where he led the investment operations outsourcing business (IOO), before being names head of GFS Americas in 2012.
Prior to Northern Trust, he spent 19 years in a number of leadership roles, including president at Citisoft.