Melanie Pickett was named head of asset servicing, Americas, at Northern Trust.
It is a new position, a spokesperson said. Pickett will report to Teresa Parker, president of Northern Trust’s asset servicing business unit.
Pickett will oversee the bank’s institutional, corporate and money manager asset servicing clients in the Americas. Previously head of asset owners Americas, she will continue with those responsibilities in overseeing product and service delivery to pension funds, foundations, endowments and other asset owners in the region.
As of Sept. 30, Northern Trust had $17.4 trillion in assets under custody and administration.