Northern Trust has appointed Marc Mallett as manager of Investment Operations Outsourcing product in the Americas.
The newly created role addresses a growing demand for middle-office services by investment managers seeking to control costs while pursuing asset growth globally, Northern Trust says.
Mallett has been global head of client implementations for Investment Operations Outsourcing since joining Northern Trust in 2010. Previously, he was a vice president of Technology at Fidelity Investments and COO of Citisoft, a consulting firm focused on the investment management outsourcing market.
Mallett will work with Les Beale, manager of Investment Operations Outsourcing product in EMEA and Asia-Pacific to deliver a single product approach for investment managers across regions, the firm says.
Investment Operations Outsourcing is appealing to managers who are focused on reducing costs and growing revenue while meeting demands for more and improved data and dealing with increasingly complex investments and regulations, says Paul Fahey, head of Product and Strategy for Global Fund Services at Northern Trust. Marc brings an in-depth knowledge of our current product offering, and a broad market perspective from his years of experience in the investment management industry.
(CG)