CHICAGO--(BUSINESS WIRE)--Northern Trust (Nasdaq: NTRS) announced that Marisa Kurk has been named Chief Operating Officer of the Global Foreign Exchange (GFX) business, demonstrating Northern Trust’s continued commitment to providing world class foreign exchange solutions for the evolving needs of global investors.
Based in Chicago, Kurk will drive the day-to-day enablement of GFX business strategy and operations, capitalizing on strategic technology and product capabilities gained through acquisitions and partnerships. She brings more than 15 years of industry experience, in FX operating and strategic risk management frameworks, including the management of legal and regulatory risks, as well as market best practices, controls and client servicing. Prior to joining Northern Trust, Kurk served as COO of Belvedere Trading, LLC and COO and Senior Managing Director of Currency Management at Mesirow Financial.
“Marisa brings excellent industry experience to Northern Trust and will accelerate the execution of our FX strategy and delivery of innovative solutions to clients,” said John Turney, Head of Global Foreign Exchange at Northern Trust. “Marisa is a key leader to help drive our investment in technology and continued focus on the client experience across our FX platform.”
The acquisition of BEx LLC in 2018 enhanced Northern Trust’s platform for algorithmic FX trading, global liquidity aggregation and transparency in execution and pricing to institutional clients worldwide. A partnership with Lumint Corporation, also announced in 2018, delivers innovative currency management solutions with advanced portfolio, share class and look-through hedging services, complemented by sophisticated transparency and analytical tools.
Northern Trust Global Foreign Exchange, part of Northern Trust Capital Markets, provides a range of liquidity, trading, transaction processing and outsourced FX solutions for institutional investors. Northern Trust Capital Markets provides brokerage, securities lending and transition management services, in addition to FX. It is a division of Corporate & Institutional Services, which provides asset servicing, fund administration and middle office solutions to institutional asset managers and asset owners around the globe.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 20 U.S. states and Washington, D.C., and across 23 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2019, Northern Trust had assets under custody/administration of US$10.9 trillion, and assets under management of US$1.2 trillion. For more than 125 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit northerntrust.com or follow us on Twitter @NorthernTrust.
Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at http://www.northerntrust.com/disclosures.