Chicago-based banking group Northern Trust, which serves sectors including wealth management, has appointed Dan Houlihan as its global head of product and strategy for the bank’s investment operations outsourcing business.

As global product and strategy leader, Mr Houlihan will be responsible for driving the growth and development of Northern Trust’s services for global investment managers. He has held a variety of senior roles within the investment management industry, and was formerly president of Citisoft in North America, where he advised investment managers and service providers on post-execution outsourcing.

Mr Houlihan also served as director with Thomson Financial Services, providing advisory and implementation services to global investment management clients.