Northern Trust Selects Sanchez for New Hedge Fund Services Unit

Northern Trust has hired R. Peter Sanchez to serve as chief executive officer of Northern Trust Hedge Fund Services, upon the closing of Northern Trust’s acquisition of hedge fund administrator Omnium. Sanchez currently is global head of business development and client service at Omnium and has more than two decades of experience in capital markets.

“Peter’s leadership of Northern Trust Hedge Fund Services will provide continuity for clients as we combine Omnium’s highly regarded hedge fund services with Northern Trust’s global custody and fund administration capabilities in markets around the world,” said Peter Cherecwich, head of global fund services at Northern Trust. “Clients will benefit from Peter’s industry leadership and expertise and his commitment to maintain the superior service for which both firms have been recognized.”