Northern Trust said it hired a global business development executive from JPMorgan Chase & Co. to be its chief technology officer.
The provider of financial services for institutions, affluent individuals and families, said Scott Murray will lead new technology development, work on applications that interact with customers and oversee back-office infrastructure, including data centers that serve clients in 40 countries.
Murray will head the firm’s global technology infrastructure and application development teams, said Joyce St. Clair, President of Operations & Technology at Northern Trust.
At JPMorgan Chase, Murray had been business global program office head for Treasury Services.
Previously, as Global Chief Information Officer for Treasury Services at JPMorgan Chase, he led the technology merger of the JPMorgan and Bank One cash management businesses.
He has also been chief technology officer for the Capital Markets group at Bank One and a senior technology manager for Asset Management at Deutsche Bank.
The move comes two weeks after Northern Trust said Jason Tyler of Ariel Investmentswill be named Head of Corporate Strategy and Market Development.
And a month after Northern Trust closed its acquisition of Omnium LLC from Chicago-based Citadel on Friday.
The technology-driven hedge fund administrator, which has about $30 billion of hedge fund assets under its administration and $40 billion from other financial institutions, will become part of Northern Trust's Corporate & Institutional Services business unit.
Omnium's services will be known as Northern Trust Hedge Fund Services LLC.