Northern Trust Corp. (NTRS) announced that its Vice Chairman and Management Group member Sherry Barrat will retire at the end of June.
Northern Trust Head of Human Resources Tim Moen will assume the role of Chief Administrative Officer, effective May 2. Tim will continue to oversee Human Resources and the Corporate Services Group and continue serving on the Management Group, reporting to Waddell.
Biff Bowman, Executive Vice President and Head of the Americas for Corporate & Institutional Services (C&IS), will succeed Moen as Head of Human Resources and join the Management Group. Bowman has been with Northern Trust for nearly 27 years serving in a number of senior leadership roles including Managing Director of Northern Trust's Guernsey operation and Chief Executive Officer of EMEA.
David Fox Jr. will replace Bowman as the new head of the Americas for C&IS, effective May 2. Fox joins Northern Trust from JPMorgan Chase, where he served most recently as Vice Chairman of Investment Banking.
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