People Moves

Northern Trust COO To Depart

Robbie Lawther Reporter 13 July 2018

Northern Trust COO To Depart

A high-profile female management executive in a male-dominated profession is retiring.

Global financial services firm Northern Trust has confirmed that Jana Schreuder, executive vice president and chief operating officer, will be retiring from her current role, to take effect from 31 August.

Schreuder has spent 38 years at the firm after she joined in 1980. She has held a number of roles during her tenure as a member of the management group, including serving as COO, president of wealth management, president of operations and technology, and chief risk officer, it said in a statement.

“Jana has excelled as a leader of the corporation and consistently demonstrated a willingness and drive to take on complex challenges that created value for our clients, partners, communities and shareholders,” said chief executive, Michael O’Grady.

The firm did not confirm whether it was planning to find a replacement for Schreuder's role.

This departure comes at a time where there has been a number of women coming and going into senior level roles in the financial services industry. The industry has been trying to improve its number of women in finance, and women in management. Recently, Heather Brilliant, was elected the new chair, and Diane Nordin, the vice chair of the board of governors of CFA Institute. Also Barclays announced that Dena Brumpton is retiring from her role as CEO for savings, investments and wealth management.

In July, this publication reported that Northern Trust Asset Management had appointed Marie Dzanis to head its business across Europe, Middle East and Africa. She will be based in London.

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