Daniel Houlihan was named head of asset servicing, Americas, at Northern Trust, said a spokesman.
The position is new. Mr. Houlihan will retain his title as executive vice president and also the responsibilities of his previous role as head of global fund services, North America, the spokesman said. He will not be replaced.
His new position will add asset owner clients to his previous role in global fund services, the spokesman said. Peter Cherecwich, president of corporate and institutional services, said in a news release that the new post is in response to demand from asset owners and investment managers for real-time data and analytics, as well as operations outsourcing.
Mr. Houlihan will continue to report to Mr. Cherecwich, the spokesman said.
Northern Trust had $10.7 trillion in assets under custody and administration as of June 30.