Press Release - January 28, 2019
Northern Trust has named Kimberly Evans head of Private Capital Fund Administration in North America, leading a growing practice dedicated to providing middle- and back-office solutions for a range of alternative asset class investment managers, including real estate, private debt, infrastructure and both traditional and hybrid private equity funds in the region.
Evans, with 25 years of financial services experience, will focus Northern Trust’s global capabilities on a segment of the alternatives market experiencing rapid asset growth and increased demands for transparency. Northern Trust offers an integrated solution including trade management, reconciliation, risk and analytics, fund accounting, global custody and other services to private capital investment managers.
“Kim’s experience with sophisticated investors, dedication to client service and proven ability to leverage the strength of Northern Trust’s global platform and expertise will be a powerful combination for our business,” said Peter Sanchez, head of North America Alternative Fund Services at Northern Trust. “Her appointment signals our commitment to delivering innovative solutions to investment managers across the spectrum of alternative asset classes and strategies.”
Evans joined Northern Trust in 2010 and has held senior management roles, including Global Head of Client Valuation Reporting and head of the Public Funds/Taft-Hartley pensions business, with more than $800 billion in assets under custody. Prior to Northern Trust she was a senior operations executive at major financial institutions including the former First Chicago and LaSalle banks, and served as a consultant to community bank executives. She has been a leader in Chicago community and charitable organizations and is president of the Women in Leadership Business Resource Council at Northern Trust.
“I am excited to take on this newly-created role, working with a talented team to support some of the world’s most innovative asset managers,” Evans said. “We see a strategic growth opportunity in providing effective middle- and back-office solutions that allow private capital managers to focus on core investment competencies and grow their businesses.”
Northern Trust Alternative Fund Services provides fund administration, accounting and data and analytical solutions to more than 100 private equity managers across the globe. It supports diverse and complex fund structures across multiple domiciles and jurisdictions and has expertise in alternative investment vehicles, including private equity, private debt, venture capital, real estate, infrastructure and real asset investment vehicles.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 20 U.S. states and Washington, D.C., and across 23 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of December 31, 2018, Northern Trust had assets under custody/administration of US$10.1 trillion, and assets under management of US$1.1 trillion. For more than 125 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit northerntrust.com or follow us on Twitter @NorthernTrust.
Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at http://www.northerntrust.com/disclosures.