Northern Trust has appointed Peter Brookman as Head of UK Fund Accounting and Lynne Hill as Head of UK Transfer Agency.
Brookman is responsible for Northern Trust’s fund accounting team in London, which started operations in late 2004 and which expanded in 2005 with the acquisition of Baring’s Financial Services Group.
Brookman joins Northern Trust from BNP Paribas Fund Services, where he was the Head of UK OEIC (Open Ended Investment Company) and Unit Trust Accounting. Prior to BNP, he worked at Merrill Lynch Asset Management’s fund administration group, and at Invesco.
Lynne Hill has joined Northern Trust from Ernst & Young, where she was a consultant in the financial services division. Previously, she was Head of Client Services at International Financial Data Services and Head of Retail Operations at Deutsche Asset Management. She has also held roles at Prolific Unit Trust Managers and Woolwich Unit Trust Managers. She is involved with the Securities and Investment Institute, where she participates in the development of industry examinations and is a member of the Examination Board.
“Northern Trust’s acquisition of the Baring’s Financial Services Group in 2005, brought us a significant share of the UK fund accounting and transfer agency market,” says Brian Ovaert, Global Head of Fund Administration at Northern Trust. “We are focused on continuing to grow these important areas of our business to compliment our strong custody capabilities. Making these appointments is in line with our strategy of adding senior level expertise that will enable us to do this and manage this expansion. We welcome Peter and Lynne, whose many years of industry experience and management expertise are a great asset to Northern Trust and the clients whom we serve.”