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Northern Trust names new CTO

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Northern Trust has appointed Scott Murray as Chief Technology Officer (CTO). Murray comes to Northern Trust with more than 20 years of experience as a technology executive at major financial institutions.

“We are delighted to welcome Scott Murray to lead our global technology infrastructure and application development teams,” says Joyce St Clair, President of Operations & Technology at Northern Trust. “Our clients rely on Northern Trust to deliver innovative wealth management, investment and asset servicing solutions on a reliable, secure and robust technology platform. Scott brings a great range of experience to bear in guiding our technology development to meet the needs of a growing client base that includes successful families, asset managers and sophisticated institutional investors in markets worldwide.”

As Chief Technology Officer, Murray will lead new technology development, support client-facing applications and maintain back-office infrastructure, including data centres for Northern Trust’s global operating platform serving clients in approximately 40 countries worldwide. Murray comes to Northern Trust from JPMorgan Chase & Co. where he most recently served as 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. Murray holds a BS in Business and Computer Science from Purdue University and a MBA from the University of Chicago Booth School Of Business.

“At Northern Trust, technology is all about creating value for clients, through innovations that provide accurate data and actionable information in a secure environment,” Murray says. “I am excited to join Northern Trust and committed to building on its well-deserved reputation for technology leadership in wealth management and institutional asset servicing.”

Northern Trust has been recognised for technology excellence by organisations including Oracle, which cited Northern Trust for application grid development in the Oracle Fusion Middleware Innovation Awards 2010, and ComputerWorld magazine, which has named Northern Trust one of the “Best Places to Work in IT” for eight consecutive years.

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