Northern Trust hires Andress for derivatives
Chicago-based Northern Trust has hired Stephen Andress as its global head of derivatives operations to run the back-office derivatives processing infrastructure.
The bank created the new role in response to the increasing use of derivatives by its investor and fund manager clients.
Andress joins from Commerzbank, where he was global head of OTC derivatives operations and collateral management from 2001 in London and Frankfurt. He previously worked at State Street Bank & Trust Company.
"Derivatives
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