Northern Trust Corp. (NTRS) has announced significant leadership changes effective October 1, 2024. Peter Cherecwich, the current President of Asset Servicing, will be appointed as the Chief Operating Officer.
Teresa Parker, who had previously announced her retirement, will postpone it to assume the role of President of Asset Servicing. Parker's most recent role was President of Europe, Middle East, and Africa (EMEA).
Steven L. Fradkin, who has held numerous leadership positions including President of Wealth Management, President of Asset Servicing, Chief Financial Officer, and head of international business, will be named Vice Chairman of Northern Trust.
