Northern Trust announced today that Peter Cherecwich has joined as head of institutional strategy and product development. Cherecwich joins Northern Trust from State Street Corporation, where he held a number of senior roles, most recently as head of the global investment operations outsourcing business.
Cherecwich is based in Chicago and reports directly to Timothy Theriault, president of Corporate and Institutional Services at Northern Trust.
“We are pleased to bring in someone with Peter’s strong industry background to help direct our continued expansion in services to institutional investors and investment managers worldwide,” says Theriault, “As we plan for sustained growth, Peter will play a vital role in this new leadership position.”
Cherecwich has 20 years of experience in custody, operations and investment services at State Street Corp., including four years as head of its Japan operations.
“This is a tremendous opportunity to contribute as Northern Trust builds on its success in entering new markets and bringing innovative solutions to institutional clients,” says Cherecwich. “I look forward to working with a first-class organization to help clients solve complex problems and meet their goals.”