Asset manager and fund administrator Northern Trust Corp. has hired David Fox Jr. as head of Northern’s Corporate & Institutional Services for the Americas. Also, Northern Trust Vice Chairman and Management Group member Sherry Barrat will retire at the end of June.

C&IS is Northern’s company’s institutional asset custody arm. As of December 31, 2011, Northern Trust had assets under custody of US$4.3 trillion, and assets under investment management of US$662.9 billion

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