Northern Trust names new head of Asset Servicing in the Americas
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Northern Trust names new head of Asset Servicing in the Americas. Northern Trust appointed Jessica Donohue as head of Asset Servicing, Americas. Donohue joined Northern Trust in September 2025 as global head of product management in the group. She steps into the role held by Melanie Pickett, who became chief transformation officer in December, overseeing firmwide initiatives to boostinnovation and respond to market changes. These leadership changes were set into motion with the retirement of Teresa Parker, who stepped down last year from her role as president of Asset Servicing after 40 years with the Chicago-based bank. In her new role, Donohue will report to Clive Bellows, co-president of Northern Trust Asset Servicing. The business serves nearly 3,000 institutional clients in 53 countries with a suite of offerings including alternative asset servicing, regulatory, fund services, and retirement solutions. "Jess Donohue brings exceptional industry expertise and proven leadership to this role, which will be invaluable for our Americas business," Bellows said. "Her deep knowledge of asset servicing and the challenges facing both asset managers and asset owners will help us deliver an enhanced level of capability in the region." Previously, she held senior leadership positions at State Street, including global head for the Asset Owner segment, overseeing State Street's...
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