Kurk New FX Head in Northern Trust Shuffle
Posted by Colin Lambert. Last updated: June 2, 2022
Marisa Kurk has been promoted to head of global FX at Northern Trust in Chicago, replacing John Turney, who has stepped up to global head of front office solutions.
Turney who led global FX from 2018 at the bank, takes the helm of the front office solutions business as it expands to new markets across the globe. He reports to Melanie Pickett, head of asset owners, Americas. The business offers an integrated, cloud-based service and data platform that enables investment offices to view and analyse data from disparate sources across all asset classes in one central repository. It serves complex asset owners including foundations, endowments, family offices, pensions and outsourced chief investment officers.
“John Turney’s exemplary leadership has transformed global foreign exchange into a tech-forward strategic service business,” says Northern Trust asset servicing president Pete Cherecwich. “John’s broad market knowledge, strategic planning skills and strong client relationships will serve him well in expanding and developing our front office solutions business on a global level.”
Kurk joined Northern Trust in 2019 as global COO of FX. She moved from a spell at Belvedere trading in Chicago where she was COO, having previously spent almost 14 years at asset manager Mesirow Financial, most latterly as COO of currency management. She has spent the past year as chief strategy officer for FX and in the new role will report to Guy Gibson, global head of capital markets.
“We are pleased to name Marisa Kurk as the next leader of GFX, a centre of trading and client-service expertise at Northern Trust,” Cherecwich says. “Marisa has been key to the success of GFX, partnering with teams across the business and driving the day-to-day enablement of business strategy and operations. Her forward-thinking and innovative mindset will help take the GFX business to even greater heights. We also hope that Marisa’s leadership as the first woman to lead global foreign exchange will encourage the continued growth and diversity of our teams.”