Northern Trust announced today that Dan Houlihan has joined as global head of product and strategy for the Investment Operations Outsourcing (IOO) business, which offers a full range of middle- and back-office services tailored to the individual needs and requirements of each investment manager.
As global product and strategy leader, Houlihan is responsible for driving the continued growth and development of Northern Trust's services for global investment managers. Houlihan comes to Northern Trust with 20 years of experience in a variety of senior roles within the investment management industry. He was formerly president of Citisoft in North America, where he advised leading investment managers and service providers on post-execution outsourcing. He also served as director with Thomson Financial Services, providing advisory and implementation services to global investment management clients.
"We are happy to have someone with Dan's breadth of knowledge and experience to help us build on our track record of success with investment operations outsourcing clients," said Peter Cherecwich, chief operating officer for Corporate & Institutional Services at Northern Trust. "IOO is a key strategic growth business for Northern Trust. Dan's expertise will be invaluable in helping enhance Northern Trust's capabilities while meeting the growing, global demand by investment managers for an efficient model of technology and operations outsourcing."
Houlihan said: "Northern Trust is emerging as a market leader in outsourcing, based on the strength of its unique global technology architecture. I look forward to leading further product innovation and providing our comprehensive, high quality and flexible IOO solution to investment managers around the world."