Northern Trust Names New Head of Fund Services

Northern Trust has appointed Peter Cherecwich as head of Global Fund Services (GFS).

GFS delivers fund administration, investment operations outsourcing and asset servicing solutions to investment management firms across the globe. Cherecwich, who is based in Chicago, replaces Wilson Leech, who has been named CEO for Northern Trust’s Europe, Middle East, and Africa region. 

In addition to his new role leading the GFS group, Cherecwich will maintain his responsibilities as Chief Operating Officer (COO) for Northern Trust’s Corporate & Institutional Services division.   

According to a press release, Northern Trust has also created three new regional roles within GFS. Toby Glaysher has been named head of GFS for Ireland, Luxembourg and the UK; Jennifer Driscoll has been appointed head of GFS for the Asia-Pacific region in addition to COO for GFS; and Dan Houlihan will assume responsibility for the Americas. Vic Holmes continues to be responsible for the Channel Islands.   

All have experience working with Northern Trust’s GFS clients across the globe, the announcement said.