UK - Northern Trust has hired Mellon’s Karen Hamilton as vice president and product development manager for its Global Fund Services arm.
The appointment would support the firm’s recent entry into the UK fund accounting, Northern Trust said in a release. It added that she used to be a project manager at Mellon European Fund Services. She took up her new role today.
“This is a great opportunity for me as Northern Trust builds its fund accounting business in the UK, expands its global outsourcing franchise and develops new, leading edge products for its clients,” Hamilton said.
Based in London, Hamilton focuses on developing new products and services for UK and continental European investment managers.
She reports to Mark Schoen, vice president, head of product development, Europe. He said: “Her appointment to our growing product development team indicates our ongoing commitment to develop effective and innovative products and solutions for our clients in the UK and across continental Europe.”
Northern Trust entered the UK fund accounting business last month.