Northern Trust Taps Asset Servicing Lead
Northern Trust has appointed Jessica Donohue as head of Asset Servicing, Americas. In her new role, Donohue will report to Clive Bellows, co-president of Northern Trust Asset Servicing.
Donohue joined Northern Trust in September 2025 as global head of product management for Asset Servicing. Before joining Northern Trust, she held senior leadership positions at State Street, including global head for the Asset Owner segment, head of the Global Clients division responsible for State Street’s most complex, global and strategic client relationships across the asset manager, asset owner, alternatives, insurance and official institutions segments, and head of Global Investment Insights, Sustainability, and Impact.
She also led teams focused on innovation, advisory and information solutions, as well as performance and analytics for institutional and asset manager clients.
“Jess Donohue brings exceptional industry expertise and proven leadership to this role, which will be invaluable for our Americas business,” said Bellows. “Her deep knowledge of asset servicing and the challenges facing both asset managers and asset owners will help us deliver an enhanced level of capability in the region.”
Additionally, Northern Trust announced that John Turney will succeed Donohue as head of Product Management for Asset Servicing and will also report to Clive Bellows. Turney will lead a global team of product executives delivering custody, administration, fiduciary, and data solutions for institutional clients. With more than 15 years at Northern Trust, Turney most recently served as global head of Total Portfolio Solutions, overseeing software and solutions for the entire investment life cycle.
“John Turney’s experience and vision will be instrumental as we continue to innovate our asset servicing capabilities,” said Bellows. “His leadership and deep understanding of our clients’ evolving needs position us to deliver best-in-class solutions for institutional investors around the world.”
Amanda Umpierrez is the Managing Editor of 401(k) Specialist magazine. She is a financial services reporter with nearly a decade of experience and a passion for telling stories and reporting news. She is originally from Queens, New York, but now resides in Denver, Colorado.