Northern Trust executive vice president and COO Jana Schreuder is set to retire, after a 38-year stint at the firm. The change will be effective on 31 August 2018.

Since joining the asset manager in 1980, Schreuder has held several roles such as president of wealth management, president of operations and technology, and chief risk officer.

At the same time, she also works as a director of the Lyric Opera Chicago, co-chair of the Chicago Chapter of Women Corporate Directors, and member of The Chicago Network, and the Committee of 200.

Northern Trust CEO Michael O’Grady said: “Jana has excelled as a leader of the Corporation and consistently demonstrated a willingness and drive to take on complex challenges that created value for our clients, partners, communities and shareholders. We wish her well in her future endeavours.”

Northern Trust has made several changes in its global leadership in the recent times. Earlier this month, the asset manager appointed Marie Dzanis as its EMEA business head.

In April 2018, the firm made three senior appointments for its Middle East team, including the appointment of Michael Slater as Middle East and Africa business head.

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Earlier this year, the firm also appointed Dave Sauvarin as Guernsey business head and Angelo Calvitto as the head of its Australasia unit.