Northern Trust Names Investment Outsourcing Head

In this new role, created to address the growing demand for middle office services, Mallet will leverage Northern Trust’s global operating model and deliver a single product approach for investment managers across regions who seek to control costs while pursuing global asset growth. He will work closely with Les Beale, manager of Investment Operations Outsourcing product in Europe, the Middle East and Africa (EMEA) and Asia-Pacific.

Mallett has served as global head of client implementations for Investment Operations Outsourcing since he joined Northern Trust in 2010. He has 15 years’ previous experience in leadership positions at investment management, technology and consulting companies such as Citisoft and Fidelity Investments.

“Marc brings an in-depth knowledge of our current product offering and a broad market perspective from his years of experience in the investment management industry,” said Paul Fahey, head of Product and Strategy for Global Fund Services at Northern Trust.

—Sara Kelly