Northern Trust Names Industry Veteran Peter Sanchez as CEO of Northern Trust Hedge Fund Services

Northern Trust NTRS announced today that R. Peter Sanchez will serve as Chief Executive Officer of Northern Trust Hedge Fund Services LLC upon the closing of Northern Trust's acquisition of Omnium LLC, a leading hedge fund administrator. Sanchez currently is Global Head of Business Development and Client Service for Omnium and has more than two decades of experience as an executive in capital markets and complex operational businesses. “Peter's leadership of Northern Trust Hedge Fund Services will provide continuity for clients as we combine Omnium's highly regarded hedge fund services with Northern Trust's global custody and fund administration capabilities in markets around the world,” said Peter Cherecwich, head of Global Fund Services at Northern Trust. “Clients will benefit from Peter's industry leadership and expertise and his commitment to maintain the superior service for which both firms have been recognized.”