Northern Trust [profile] has hired Nancy Grady to serve as head of U.S. fund administration.

According to the company, Grady has more than 25 years of experience in fund accounting and administration. Before joining Northern Trust, she was global head of custody & fund accounting advisory services at WIPRO Technologies. For much of her career, she was a senior executive at State Street Corp. [profile], overseeing operations responsible for providing accounting and fund services to asset management firms on a global basis.

Here is the press release:

Company Press Release

Nancy Grady Joins Northern Trust as Head of U.S. Fund Administration

CHICAGO--Nancy Grady has joined Northern Trust as Head of Fund Administration and Fund Accounting-Americas, overseeing fund accounting, regulatory administration, financial reporting, tax and other services for registered and unregistered mutual fund products.

�Nancy's extensive industry experience and leadership will serve Northern Trust clients well as they look for a servicing partner that can help them become more efficient, enter new markets and execute their regional and global distribution strategies.�

�We are pleased to have Nancy Grady come to Northern Trust at a time when we see increasing demand for strong local fund expertise delivered on our global platform," said Dan Houlihan, head of Global Fund Services-Americas for Northern Trust. �Nancy's extensive industry experience and leadership will serve Northern Trust clients well as they look for a servicing partner that can help them become more efficient, enter new markets and execute their regional and global distribution strategies."

Grady has more than 25 years of experience in fund accounting and administration. Prior to joining Northern Trust, she was Global Head of Custody & Fund Accounting Advisory Services at WIPRO Technologies. For much of her career, she was a senior executive at State Street Corp., overseeing operations responsible for providing accounting and fund services to asset management firms on a global basis.

�With the rapidly growing complexities in regulation and reporting, it is imperative that Northern Trust remains ahead of the curve to assure the sustained success of our clients,� said Brian S. Pollard, Chief Operating Officer of Global Fund Services-Americas. �Nancy�s proven history with fund accounting and administration services will continue to strengthen our Global Fund Services practice and help clients to meet these challenges.�

Northern Trust�s Global Fund Services business provides custody, fund administration and investment operations outsourcing solutions to investment managers worldwide. For more than 30 years, clients have recognized Northern Trust as a leader in global fund administration.

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of investment management, asset and fund administration, banking solutions and fiduciary services for corporations, institutions and affluent individuals worldwide. Northern Trust, a financial holding company based in Chicago, has offices in 18 U.S. states and 16 international locations in North America, Europe, the Middle East and the Asia-Pacific region. As of September 30, 2012, Northern Trust had assets under custody of US$4.8 trillion, and assets under investment management of US$749.7 billion. For more than 120 years, Northern Trust has earned distinction as an industry leader in combining exceptional service and expertise with innovative products and technology. For more information, visit www.northerntrust.com or follow us on Twitter @NorthernTrust.

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