CHICAGO, March 10 /PRNewswire-FirstCall/ -- Northern Trust announced today
the appointment of Jon Dunham as head of North America Asset Servicing Sales.
Dunham joins Northern Trust from Bank of New York Mellon Corporation, where he
spent more than 20 years in various business development roles, most recently
as national sales and marketing director.
Dunham reports to Penelope Biggs, head of worldwide asset servicing
business development for Northern Trust. He will manage a diverse
institutional sales team based in Chicago, Boston, San Francisco and Toronto,
covering the public fund, not-for-profit, Taft-Hartley, corporate, insurance,
investment manager and middle market segments. While directing sales of
Northern Trust asset servicing products, including global custody, benefit
payments, fund administration and investment operations outsourcing, Dunham
will also coordinate closely with Northern Trust Global Investments, the
firm's $757 billion asset management arm, to strengthen cross-selling efforts.
"Northern Trust is delighted to benefit from Jon's leadership and industry
expertise as we continue to build our presence servicing sophisticated
institutional investors and investment managers in North America," said Biggs.
"With Northern Trust's reputation for high quality client service, thought
leadership and product innovation presents a great opportunity for Jon and his
team as they spearhead the growth of our asset servicing business in the
region."
Dunham has significant experience in the industry from his time spent with
Bank of New York Mellon. Prior to his most recent role in sales and
marketing, he held several senior positions in market segment sales, new
business development and product management.
"While many consider North America to be an established market, it is
actually extremely dynamic with highly sophisticated clients implementing
increasingly complex investment strategies," Dunham said. "Northern Trust is
very well positioned to capitalize on the tremendous opportunities in this
region -- from cross-border, tax transparent pooling to hedge fund
administration to investment operations outsourcing. This potential, coupled
with the culture of the organization, are the main reasons I joined Northern
Trust. I look forward to working with my new team to address the evolving
demands of such a diverse and complex client base."
Timothy Theriault, president of Corporate & Institutional Services at
Northern Trust, noted that Dunham's hiring follows the appointment of Peter
Cherecwich, a former State Street Corp. executive, as head of global product
and strategy in 2007. "As Northern Trust's institutional business experiences
global growth, we will continue to make strategic appointments for North
America and other regions across sales, product, strategy and consulting
disciplines," Theriault said.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of
investment management, asset and fund administration, fiduciary and banking
solutions for corporations, institutions and affluent individuals worldwide.
Northern Trust, a multibank holding company based in Chicago, has a growing
network of 85 offices in 18 U.S. states and has international offices in 13
locations in North America, Europe and the Asia-Pacific region. As of December
31, 2007, Northern Trust had assets under custody of US$4.1 trillion, and
assets under investment management of US$757.2 billion. Northern Trust,
founded in 1889, has earned distinction as an industry leader in combining
high-touch service and expertise with innovative products and technology. For
more information, visit http://www.northerntrust.com.
SOURCE Northern Trust Corporation