Northern Trust Hires Andress from Commerzbank to Head Up Global Derivatives Operations

Northern Trust has hired Stephen Andress to head up its global derivatives operations. He will oversee the strategic development of its back office derivatives processing infrastructure, team and capabilities. The role is new and has been created by Northern Trust 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.