Northern Trust has announced the appointment of Jessica Donohue as the head of Product Management for Asset Servicing. In this pivotal role, Donohue will lead a global team of product executives dedicated to delivering a comprehensive suite of solutions, including custody, administration, fiduciary services, and data management tailored for institutional clients.
With a focus on strategic development and oversight, Donohue’s primary objective will be to ensure that Northern Trust’s Asset Servicing products and solutions not only deliver substantial value to clients but also align closely with the company’s overarching growth priorities. This alignment is critical as Northern Trust continues to expand its offerings in a competitive market. She will report directly to Teresa Parker, who serves as the President of Asset Servicing, facilitating a strong connection between product management and executive leadership.
Jessica Donohue brings nearly 25 years of extensive experience in the financial services industry to this role. Prior to joining Northern Trust, she held significant leadership positions at State Street Bank and Trust Company. Among her key achievements, she served as the global head for the Asset Owner segment and was the head of Global Investment Insights, Sustainability, and Impact. Her diverse experience at State Street included senior leadership roles focused on innovation, advisory services, and information solutions. She was also responsible for performance and analytics for both institutional clients and asset managers, demonstrating her comprehensive expertise in financial product management.
Northern Trust is known for its commitment to providing market-leading solutions to approximately 3,000 institutional clients across 53 countries. The firm’s offerings span a wide range of services, including alternative asset services, banking and liquidity solutions, capital markets, regulatory compliance, securities services, fund management, and retirement solutions. What sets Northern Trust apart in the industry is its unwavering commitment to client service, integrity, and continuous technological innovation, which collectively enhance the client experience and drive the firm’s success.
KEY QUOTE:
“Jessica brings outstanding experience and vision to Northern Trust. Her leadership and deep industry expertise will be invaluable as we advance our Asset Servicing solutions to meet the needs of our clients and drive innovation in a rapidly changing market. We are delighted to welcome Jessica to Northern Trust and look forward to her contributions as we continue to build on our successful strategies.”
Teresa Parker
