January 08, 2013

Nancy Grady, a former Wipro Technologies executive, has joined Northern Trust as head of Fund Administration and Fund Accounting-Americas.

In her new role, Grady will oversee fund accounting, regulatory administration, financial reporting, tax and other services for registered and unregistered mutual fund products.

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

"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, in a release. "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."

"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, in a statement. "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. As of September 30, 2012, Northern Trust had assets under custody of $4.8 trillion, and assets under investment management of $749.7 billion.

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Greg MacSweeney is editorial director of InformationWeek Financial Services, whose brands include Wall Street & Technology, Bank Systems & Technology, Advanced Trading, and Insurance & Technology.