Northern Trust Appoints Global Head of Asset Servicing Product Management and Strategy

Rhea-AI Summary

Northern Trust has appointed Arthur Hill as Senior Vice President and Head of Product Management for Asset Servicing, based in Chicago. Hill will oversee product strategy and development while leading a global team. He joins from Capgemini, bringing over 25 years of experience in financial services and insurance, focusing on transformation and technology initiatives. Hill has previously managed significant projects across the U.S. and UK and holds an MBA from the University of Chicago.

The asset servicing division caters to institutional investors worldwide, managing diverse asset classes totaling US$14.8 trillion in custody/administration.

Positive

• Arthur Hill's extensive experience in financial services may enhance product strategy and innovation.
• Hill's leadership is expected to strengthen the asset servicing team's capabilities.

Negative

• Concerns about continuity as a new leader takes charge in a critical role.
• Potential challenges in integrating Hill's strategies with existing operations.

Northern Trust has hired Arthur Hill as Senior Vice President, Head of Product Management for Asset Servicing. Based in Chicago, Hill will lead product strategy and development, overseeing a global team of Asset Servicing product leads.

Hill joins Northern Trust from Capgemini where he was a senior director for its global insurance and financial services group. He has more than 25 years of experience in the financial services and insurance industry, with a history of spearheading sophisticated transformation and technology programs with a global reach.

“Arthur brings expertise developed over a rich career of program and team management, strategic planning, execution and solution innovation that drives client experience and digital enablement,” said Paul d’Ouville, Head of Asset Servicing Product and Client Solutions at Northern Trust. “We’re excited to have his multidimensional experience and leadership working on behalf of our clients as the business continues to drive new and innovative product capabilities in support of the Whole Office for asset owners and asset managers alike.”

At Capgemini and other consulting firms, Hill led major initiatives for financial services clients in the U.S., UK and other countries, successfully delivering strategy, process improvement and digital enablement programs. Earlier in his career, he served as an executive relationship manager for top-tier insurance clients in the U.S. and played key roles in the development and delivery of insurance accounting solutions. Hill has an MBA from the University of Chicago, a B.S. in Accounting from University of Illinois at Urbana-Champaign, and is a Certified Public Accountant (CPA).

Northern Trust’s asset servicing business provides highly specialized and innovative solutions for some of the most sophisticated institutional investors across the globe, including pension funds, corporates, insurance companies, central banks and sovereign wealth funds, as well as global investment managers, and fiduciary managers. Its client base and asset class capabilities span traditional funds, hedge funds, fund of funds, tax-transparent funds, exchange traded funds, private equity, real estate, and infrastructure.

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, 2021, Northern Trust had assets under custody/administration of US$14.8 trillion, and assets under management of US$1.4 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.

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FAQ

Who is Arthur Hill and what is his role at Northern Trust?

Arthur Hill is the newly appointed Senior Vice President and Head of Product Management for Asset Servicing at Northern Trust.

What experience does Arthur Hill bring to Northern Trust?

Hill has over 25 years of experience in financial services and has previously held senior roles at Capgemini.

When was Arthur Hill appointed at Northern Trust?

Arthur Hill was appointed as Head of Product Management for Asset Servicing as announced in the recent press release.

How much assets does Northern Trust manage?

As of March 31, 2021, Northern Trust manages assets totaling approximately US$1.4 trillion.

What are the main services provided by Northern Trust's asset servicing business?

The asset servicing business offers specialized solutions to institutional investors, including pension funds and insurance companies.