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Northern Trust appoints former Morgan Stanley exec for front office role

Melanie Pickett will take up a role within Northern Trust’s newly created front office solutions business line.

By Paul Walsh paul.walsh@strategic-i.com February 01, 2017 4:01 PM GMT
Northern Trust has appointed Melanie Pickett as head of front office solutions.

In her new role, Pickett will take responsibility for accelerating Northern Trust’s front office offerings for large endowments, foundations, sovereign wealth funds, pensions, insurance and multi-family offices.

The role is part of a new line of business within the bank’s asset servicing division, centered on meeting the operational and technology needs of complex asset allocators.

The new front office solutions group will aim to utilise Northern Trust’s existing platform by offering new capabilities across data aggregation, data enhancement and data analytics to support clients in their investment execution.

Pickett joins Northern Trust from Emory Investment Management where she served as chief operating officer.

Prior to this, Pickett spent over 10 years at Morgan Stanley where her roles included executive director for global wealth management.

“The needs of global asset owners and allocators have changed dramatically over the last decade and continue to rapidly evolve,” said Pete Cherecwich, president of corporate & institutional services at Northern Trust.

“Having spent her career designing and executing large-scale change within financial services organisations, Melanie is a tremendous addition to our team,” said Cherecwich.