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Northern Trust appoints Vetsch to head technology ops for outsourcing businesess

18 October 2004  |  1291 views  |  0 Source: Northern Trust

Northern Trust, a leading global custody, asset administration, and investment management service provider, announced today the appointment of Werner Vetsch, Senior Vice President, as head of operations and technology for its U.S. Investment Operations Outsourcing business.

Vetsch, located in Chicago, will report to Joyce St. Clair, Executive Vice President, Worldwide Operations and Technology. In this new role, Vetsch will be responsible for managing all operations and technology for Northern Trust's growing outsourcing business, which currently supports investment managers with a combined total of over $550 billion in assets under management.

"Over the 10 years that Northern Trust has been providing outsourcing services to the investment management community, the demands and needs of this specialized client base have grown," said St. Clair. "With over 20 years of experience in this business, Werner is uniquely qualified to help us further meet client needs as well as continue to help grow this important market segment."

Prior to this appointment, Vetsch had been responsible for the Investment Management Liaison Group within Northern Trust since 1999, and managed the divisions that provide support services to over 1,200 North American investment managers and handle in excess of 750,000 trades each month. He was also a vice president and group head of the Advisor Services Group for Bankers Trust/Deutsche bank, an assistant vice president in worldwide operations and technology at Citibank, N.A., and held various positions with broker/dealers in New York.

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