Northern Trust Appoints Marc Mallett as Investment Operations Outsourcing
Product Manager for Americas
CHICAGO -- January 24, 2013
Northern Trust has named Marc Mallett manager of Investment Operations
Outsourcing product in the Americas, a new role created to address the growing
demand for middle office services by investment managers seeking to control
costs while pursuing asset growth globally.
Mallett will work closely with Les Beale, manager of Investment Operations
Outsourcing product in EMEA (Europe, Middle East, Africa) and Asia-Pacific, to
respond to the evolving needs of clients by leveraging Northern Trust’s global
operating model and delivering a single product approach for investment
managers across regions.
“Investment Operations Outsourcing is appealing to managers who are focused on
reducing costs and growing revenue while meeting demands for more and improved
data and dealing with increasingly complex investments and regulations,” said
Paul Fahey, Head of Product and Strategy for Global Fund Services at Northern
Trust. “Marc brings an in-depth knowledge of our current product offering, and
a broad market perspective from his years of experience in the investment
Mallett has been global head of client implementations for Investment
Operations Outsourcing since joining Northern Trust in 2010. Prior to joining
Northern Trust, Mallett spent 15 years in numerous leadership positions for
investment management, technology and consulting companies. Among these, he
was a vice president of Technology at Fidelity Investments, responsible for
developing and executing technology strategy for equity portfolio managers and
research analysts, and chief operating officer of Citisoft, a consulting firm
focused on the investment management outsourcing market.
Global Fund Services at Northern Trust provides custody, fund administration,
and investment operations outsourcing solutions to investment managers
worldwide and across the spectrum of asset classes. Investment Operations
Outsourcing is a growing business for Northern Trust, as investment firms see
the value of a specialist provider that is committed to this business with a
global operations platform and expertise in markets around the world.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of investment
management, asset and fund administration, banking solutions and fiduciary
services for corporations, institutions and affluent individuals worldwide.
Northern Trust, a financial holding company based in Chicago, has offices in
18 U.S. states and 16 international locations in North America, Europe, the
Middle East and the Asia-Pacific region. As of December 31, 2012, Northern
Trust had assets under custody of US$4.8 trillion, and assets under investment
management of US$758.9 billion. For more than 120 years, Northern Trust has
earned distinction as an industry leader in combining exceptional service and
expertise with innovative products and technology. For more information, visit
www.northerntrust.com or follow us on Twitter @NorthernTrust.
Americas and APAC:
John O’Connell, +1 312-444-2388
Camilla Greene, +44 (0) 207 982 2176
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