Northern Trust has appointed Arthur Hill as senior vice president and head of product management for asset servicing.
Hill will oversee product strategy and development, managing a global team of asset servicing product leads.
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He replaces Hollis Otero, who has been appointed as the company’s chief risk officer of EMEA.
Hill has over 25 years of experience in the financial services and insurance industry. Most recently, he served as a senior director at Capgemini’s global insurance and financial services group.
During his career, Hill spearheaded major initiatives for financial services clients in the US and UK among other countries, delivering strategy, process improvement and digital enablement programmes.
Earlier in his career, he served as an executive relationship manager for top-tier insurance clients in the US.
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By GlobalDataHe also served key positions in the development and delivery of insurance accounting solutions.
Northern Trust head of asset servicing product and client solutions Paul d’Ouville said: “We’re excited to have his multidimensional experience and leadership working on behalf of our clients as the business continues to drive new and innovative product capabilities in support of the Whole Office for asset owners and asset managers alike.”
Northern Trust’s asset servicing business provides solutions for institutional investors, including pension funds, corporates, insurance companies, central banks and sovereign wealth funds.
It also caters to global investment managers, and fiduciary managers.
Earlier this month, Northern Trust concluded its acquisition of Parilux Investment Technology, investment in the Parilux and its technology since 2018.
The US-based asset manager registered a 4% year-on-year rise in net income in Q1 2021. Revenue remained stable as decrease in net interest income were offset by rise in trust, investment, and other servicing fees.
