Growth in Outsourced Chief Investment Officer segment highlights need for innovative solutions to support OCIOs and their clients

Northern Trust (Nasdaq: NTRS) today announced the appointment of Katherine McCabe to lead the OCIO strategy for its Asset Servicing business unit.

In this newly established role, McCabe will be responsible for developing strategic relationships with Outsourced Chief Investment Officer (OCIO) firms and the associated investment consultant community. She will report to Melanie Pickett, Head of Asset Servicing, Americas.

Melanie Pickett, Head of Asset Servicing, Americas, said: “Northern Trust is committed to building stronger relationships with the OCIO community to unlock the full potential of this space, and we believe Kate's expertise will play a vital role in this effort. By tapping into her wealth of knowledge, we can craft innovative solutions that address the distinct needs of OCIOs and their clients. We're excited to welcome her to our team, where her decades of experience will make a significant impact.”

McCabe brings more than 30 years of industry experience in the asset owner space. Most recently, she was the Head of U.S. Asset Owner & Canadian Sales at State Street Bank & Trust Company. Prior to that, McCabe spent more than 25 years at Bank of New York Mellon, where she took on various leadership roles in sales, strategy, consulting relations and analytics, building deep expertise in performance measurement and risk analysis.

For many decades, Northern Trust has been dedicated and steadfast in serving the asset owner segment. The goal within the asset owner segment is to empower the missions of its clients, helping them to maximize investment returns so that they may then serve their constituents, their communities and the world.

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 24 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2025, Northern Trust had assets under custody/administration of US$16.9 trillion, and assets under management of US$1.6 trillion. For more than 135 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit us on northerntrust.com. Follow us on Instagram @northerntrustcompany or Northern Trust on LinkedIn.

Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/terms-and-conditions.

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McCabe brings more than 30 years of industry experience in the asset owner space, including leadership roles in sales, strategy, consulting relations and analytics.