Pete is an executive vice president and the bank's chief operating officer, a role he assumed in October 2024. He is responsible for ensuring operational excellence, resiliency and scalable growth throughout the enterprise. This includes aligning operational priorities across the organization and overseeing the continuous enhancement of risk management, controls and business continuity.   

With more than 25 years of experience in global organizations and managing extremely large and complex client relationships, Pete joined Northern Trust in 2007 as head of Institutional Product and Strategy.   

In 2017, he became president of Northern Trust Asset Servicing, where he oversaw the bank's asset servicing capabilities along with investment management, banking and related services globally to institutional clients such as corporate and public pension funds, sovereign wealth funds, supranational organizations, investment management firms, foundations and endowments, healthcare organizations and insurance companies. Before joining Northern Trust, Pete served in various executive and lead operational roles at State Street Bank.   

Pete received a Master of Business Administration from Suffolk University, and a Bachelor of Arts in political science, legal studies and Soviet studies from Brandeis University. Pete serves on the board at National Louis University and happily sponsors Urban Initiatives, an organization for children in underserved communities within Chicago.   

Read Pete’s Face Value blog for his thoughts on industry trends, personal development and navigating the workplace.