Northern Trust has announced that Dan Houlihan has joined as global head of product and strategy for the investment operations outsourcing business.

As global product and strategy leader, Houlihan is responsible for driving the growth and development of Northern Trust's services for global investment managers.

Houlihan comes to Northern Trust with 20 years of experience in a variety of senior roles within the investment management industry.

He was formerly president of Citisoft in North America, where he advised investment managers and service providers on post-execution outsourcing. He also served as director with Thomson Financial Services, providing advisory and implementation services to global investment management clients.

"We are happy to have someone with Dan's breadth of knowledge and experience to help us build on our track record of success with investment operations outsourcing clients," says Peter Cherecwich, chief operating officer for corporate and institutional services at Northern Trust.

"Investment operations outsourcing is a key strategic growth business for Northern Trust. Dan's expertise will be invaluable in helping enhance Northern Trust's capabilities while meeting the growing, global demand by investment managers for an efficient model of technology and operations outsourcing."

Houlihan says: "Northern Trust is emerging as a market leader in outsourcing, based on the strength of its unique global technology architecture. I look forward to leading further product innovation and providing our comprehensive, high quality and flexible investment operations outsourcing solution to investment managers around the world."


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