Northern Trust have hired Melanie Pickett as head of Front Office Solutions, a new line of business within asset servicing centered on meeting the operational and technology needs of complex asset allocators across the globe.
In her role, Pickett will be charged with the acceleration and leadership of Northern Trust’s Front Office Solutions for large endowments, foundations, sovereign wealth funds, pensions, insurance and multi-family offices. Pickett will lead a team focused on leveraging Northern Trust’s global resources and expertise to build solutions that meet the demands of the in-house investment teams within these organizations.
Pickett brings over 15 years of experience in a variety of senior operations and technology roles, most recently as Chief Operating Officer of Emory Investment Management, one of the top 20 endowment investment programs in the United States. Pickett is also a founding Advisory Board member for the Investment Management Due Diligence Association (IMDDA).
Prior to Emory Investment Management, Pickett spent over a decade managing operations and technology strategy within the Global Wealth Management division of Morgan Stanley. Pickett holds a bachelor’s degree from the University of Georgia and an Executive Masters of Technology Management, a joint degree granted by the Wharton School of Business and the University of Pennsylvania School of Engineering and Applied Sciences. She is also a Chartered Due Diligence Analyst (CDDA).
The new Front Office Solutions group will capitalize on the strengths of Northern Trust’s existing platform, combined with high-quality operational expertise to bring innovative new capabilities across data aggregation, data enhancement and data analytics to support clients in their informed decision making and investment execution.
“Having spent her career designing and executing large-scale change within financial services organizations, Melanie is a tremendous addition to our team,” said Pete Cherecwich, President of Corporate & Institutional Services at Northern Trust. “The needs of global asset owners and allocators have changed dramatically over the last decade and continue to rapidly evolve. It is critical we lead with a forward-looking operational and technology solution, combined with a first-class service offering to meet a complex set of investor expectations – especially in the highly challenging area of alternative investments.”