Kevin Hardy was named global director of transition management at Northern Trust, according to Michael Vardas, senior vice president. Mr. Hardy replaced Jeffrey Blanchard, who left the firm to pursue other opportunities. Mr. Hardy, who joined Northern Trust in October 2003, ran the firm's transition management business for London and Europe; a search is under way for that position.
Messrs. Vardas and Hardy said the firm also is searching for a transition strategist, a new position, to bolster the transition management team. They declined to identify the search firm assisting.
"We will be managing the business as it is," Mr. Hardy said. "We're looking at beefing up areas that have been weak in our business model such as international markets in the fixed-income area."
