Northern Trust Corporation announced that Peter B. Cherecwich has been named President, Corporate & Institutional Services (C&IS). Jeffrey D. Cohodes will succeed Cherecwich as President, C&IS-Americas. In addition to his regional C&IS leadership role, Cohodes has been named Chief Advisor for Global Counterparty Strategy, focused on credit risk and regulatory requirements across capital markets and banking. Northern Trust also appointed Wilson Leech as Chief Risk Officer for the corporation, succeeding Cohodes. Teresa A. Parker will assume the role of President, Northern Trust-EMEA (Europe, Middle East and Africa), succeeding Leech, subject to regulatory approval. Parker is currently Chief Operating Officer for C&IS. A replacement for her role will be named shortly. Parker will join the corporation’s Management Group. Cherecwich, who joined Northern Trust in 2007, has been President, C&IS-Americas and President of Global Fund Services (GFS), as well as a member of the corporation’s Management Group since 2014. An industry veteran with more than 30 years of experience in financial services, Cherecwich has also served as Chief Operating Officer and head of Institutional Product and Strategy for C&IS. Cohodes, a Management Group member, has been Chief Risk Officer for Northern Trust since 2011, and previously served in leadership roles across Asset Management and Wealth Management, as well as Chief Strategy Officer for the corporation. In addition to serving as the regional President for C&IS-Americas, he will also serve as Chief Advisor for Global Counterparty Strategy, providing critical leadership in addressing credit risks and regulatory requirements across Northern Trust’s asset servicing, capital markets and banking businesses. Leech is a Management Group member and has been President, Northern Trust – EMEA since 2010, overseeing asset servicing and asset management solutions and services for institutional and ultra-high-net-worth clients across the region. He has worked in the financial services industry for more than 25 years and joined Northern Trust in 2004 to lead the GFS business. Leech will be based in Chicago. Parker is Chief Operating Officer for C&IS, responsible for ensuring Northern Trust’s business capabilities, technology and operating model meet client needs. She is based in London and previously held leadership roles throughout the enterprise, including President, Northern Trust-Asia-Pacific, Head of EMEA’s Institutional and Wealth Management businesses, Chief Operating Officer for EMEA and Global Head of Asset Servicing. Parker will become a member of the Management Group.