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Northern Trust Announces Leadership Changes to Front Office Solutions and Global Foreign Exchange Businesses
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
management
Rhea-AI Summary
Northern Trust has appointed John Turney as the new Global Head of Front Office Solutions and Marisa Kurk as the Head of Global Foreign Exchange (GFX). Turney, who previously led GFX since 2018, will spearhead the expansion of Front Office Solutions globally, reporting to Melanie Pickett.
Kurk, with extensive experience in institutional forex, joined Northern Trust in 2019 and has been pivotal in the GFX division. These leadership changes are expected to strengthen both divisions and enhance service offerings.
Positive
John Turney's leadership is expected to drive global expansion of Front Office Solutions.
Marisa Kurk's appointment as the first woman to lead GFX is anticipated to enhance diversity and innovation in the team.
Negative
None.
CHICAGO--(BUSINESS WIRE)--
Northern Trust today announced the appointments of John Turney as Global Head of Front Office Solutions and Marisa Kurk as Head of Global Foreign Exchange (GFX).
Turney, who has led GFX since 2018, takes the helm of the innovative and growing Front Office Solutions business as it expands to new markets across the globe. He reports to Melanie Pickett, Head of Asset Owners, Americas.
Northern Trust Asset Servicing President Pete Cherecwich said, “John Turney’s exemplary leadership has transformed Global Foreign Exchange into a tech-forward strategic service business. John’s broad market knowledge, strategic planning skills and strong client relationships will serve him well in expanding and developing our Front Office Solutions business on a global level.”
Kurk, with nearly two decades of institutional foreign exchange experience globally, joined Northern Trust as Chief Operating Officer for GFX in 2019 and was named Chief Strategy Officer in 2021. As Head of GFX, she will report to Guy Gibson, Global Head of Capital Markets.
“We are pleased to name Marisa Kurk as the next leader of GFX, a center of trading and client-service expertise at Northern Trust,” Cherecwich said. “Marisa has been key to the success of GFX, partnering with teams across the business and driving the day-to-day enablement of business strategy and operations. Her forward-thinking and innovative mindset will help take the GFX business to even greater heights. We also hope that Marisa’s leadership as the first woman to lead Global Foreign Exchange will encourage the continued growth and diversity of our teams.”
Front Office Solutions is an integrated, cloud-based service and data platform that enables investment offices to view and analyze data from disparate sources across all asset classes in one central repository. It serves complex asset owners including foundations, endowments, family offices, pensions and outsourced chief investment officers (OCIOs) with the data they need, in the format they need it, enabling them to make informed decisions that help them excel at their strategies and optimize performance.
Global Foreign Exchange provides a range of liquidity, trading, transaction processing and outsourced FX solutions for institutional investors. It is a part of Northern Trust Capital Markets, which also provides Brokerage, Securities Finance and Transition Management services.
Front Office Solutions and Capital Markets are divisions of Northern Trust Asset Servicing, which provides asset servicing, fund administration and middle office solutions to institutional asset managers and asset owners around the globe.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 22 U.S. states and Washington, D.C., and across 23 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2022, Northern Trust had assets under custody/administration of US$15.5 trillion, and assets under management of US$1.5 trillion. For more than 130 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Please visit our website or follow us on Twitter.
Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Please read our global and regulatory information.
