LONDON (dpa-AFX) - Northern Trust Corp. (NTRS) on Tuesday announced strategic leadership changes that will take effect September 1.
William Morrison, who has served as the company's President and Chief Operating Officer since 2011, will continue to serve as President focusing on driving business growth. He will oversee the Wealth Management, Asset Management, Corporate & Institutional Services businesses, and Corporate Marketing and Strategy functions.
Jana Schreuder, President of Wealth Management, will assume the role of Chief Operating Officer, focusing on enabling business growth. She will oversee the Operations, Technology and Enterprise Change teams.
Chief Financial Officer Michael O'Grady will become President of Corporate & Institutional Services. S. Biff Bowman, Executive Vice President, Human Resources, will be named Chief Financial Officer.
Steven Fradkin assumes the role of President, Wealth Management, moving from his current role as President of Corporate & Institutional Services. Gill Pembleton, Executive Vice President, Human Resources - EMEA, will assume the interim role of Executive Vice President, Human Resources until a permanent replacement is named.
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