The business has more than 150 clients across eight provinces and two territories
The Northern Trust Company in Canada has a new CEO, president, and principal officer.
Jeff Alexander will join the Toronto branch to lead the company’s asset servicing business which has more than 150 clients across eight provinces and two territories. Canada is considered strategically important market for the firm.
Last year, Northern Trust was been selected by Canada Life Asset Management (CLAM) to provide asset servicing solutions, including middle office outsourcing, global custody, securities lending, fund administration, and depositary services.
Alexander has a career spanning more than 30 years including his most recent role as part of the executive leadership team at TELUS Health, leading the national custody practice and national growth. Previously he held various roles in client servicing, marketing, and sales at CIBC Mellon and Montreal Trust Company of Canada.
“At Northern Trust, we are deeply committed to our Canadian clients and their unique needs,” Pickett said. “Jeff brings extensive experience in asset servicing, with expertise built through consulting with hundreds of global clients. That experience will serve him well in this role. We are thrilled to welcome Jeff and are confident he will be a strong leader for our Canada team and an asset to our clients.”
His predecessor, Katie Pries, moves to a new global role within Northern Trust focused on the company’s anti-money laundering processes.
The Northern Trust Canada Universe, which tracks the performance of Canadian institutional defined benefit plans that subscribe to the firm’s performance measurement services, recently revealed a median return of 1.5% for Q4, 2024, and a 10.5% full-year return.
