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Asset Servicing Expert

Peter B. Cherecwich

President of Asset Servicing

Pete is an Executive Vice President and a member of Northern Trust’s Management Group in Chicago. Pete currently serves as the President of Northern Trust Asset Servicing. 

Northern Trust’s Asset Servicing business unit is a leading provider of asset servicing, investment management, banking and related services to institutional clients worldwide including but not limited to corporate and public pension funds, sovereign wealth funds, supranational organizations, investment management firms, foundations and endowments, healthcare organizations, insurance companies, and other financial institutions. 

An industry veteran, Pete brings over 25 years of experience in working in a global organization and managing extremely large and complex client relationships. 

Pete originally joined Northern Trust in July 2007 as Head of Institutional Product and Strategy.  Prior to joining Northern Trust, Pete served in various executive and lead operational roles at State Street Bank. 

Pete received his M.B.A. degree from Suffolk University in Boston, Massachusetts and his B.A degree in Political Science, Legal Studies and Soviet Studies from Brandeis University in Waltham, Massachusetts.  Pete currently sits on the Board at National Louis University and happily sponsors Urban Initiatives, an organization for children in underserved communities within Chicago. 

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


Pete's Insights & Research

Asset Servicing President, Pete Cherecwich discusses the key elements that have helped him to successfully develop and foster strategic business relationships.

Our Asset Servicing President, Pete Cherecwich, discusses machine learning algorithms and ways to mitigate potential bias.

"Do Something More with Less" – it's easier said than done! Watch the video to learn ways you can work towards meeting this higher expectation.

How do we make sure we stay relevant and profitable as a business, while doing what is good for our people, our clients and society? Finding the right balance requires a moral compass that looks beyond the P&L.

Pete Cherecwich reflects on the last 12 months – considering what was done well, and thinking about trends that will impact our industry in the coming year.

In his latest video, President of Corporate & Institutional Services, Pete Cherecwich, shares advice that has helped him throughout his personal and business endeavors.

Living in the Virtual World – New Blog by Pete Cherecwich!

Fortune Favors the Bold – New Blog by Pete Cherecwich!

Pete Cherecwich, Northern Trust in the News, June 27, 2018

Around the world, there is tremendous interest in cryptocurrency, with equal parts of confusion, uncertainty and doubt. Bitcoins, cryptocurrencies, blockchain and ICOs: what do these terms mean? How do they all work? And what implications do they have on the financial services industry, Northern Trust and our clients?

In his new blog "Robots: The Elephant in the Room", Pete Cherecwich discusses how robots are enhancing work, not eliminating it.

Pete Cherecwich discusses cryptocurrency and the potential value it can bring to your business.

Technology is not changing the way we do business. Technology is the way we do business. New blog from President of C&IS, Pete Cherecwich.