Northern Trust has appointed Marc Mallet as the new director of strategy.
In his new role, Mallet will lead growth initiatives for the business, which provides front, middle, and back office services to asset owners and asset managers in the region.
Mallet has more than 20 years of experience in financial consulting, technology, and operations, including leadership roles in Northern Trust’s investment operations outsourcing (IOO) business from 2010 to 2014.
He re-joins Northern Trust from SimCorp, where he led sales and product management for North America.
Prior to Northern Trust, Mallet spent 15 years in leadership positions at Fidelity Investments and Citisoft.
Dan Houlihan, head of asset servicing, Americas at Northern Trust, commented: “Marc Mallet brings deep consulting, asset servicing and technology experience that will guide our strategic planning and evaluation of opportunities in an evolving marketplace.”
He added: “We see the continued convergence of requirements across our asset owner and asset manager clients driving demand for real-time data, analytics and an increasing range of complex services that reduce cost, increase efficiency and drive bottom line performance.”
“With his proven history of running operations and technology transformation initiatives, Mallet is well positioned to lead Northern Trust’s strategy for technology-driven solutions in this region.”
Commenting on his appointment, Mallet said: “Northern Trust has emerged as an innovative technology leader in asset servicing while maintaining its culture of client service, expertise and integrity.”
It’s exciting to rejoin the organization at this time, and I am eager to work with our team on new and exciting solutions that lead the industry forward.”
