Sanchez currently is global head of business development and client service for Omnium and has more than 20 years of experience as an executive in capital markets and operational businesses.
In this new role, Sanchez will lead an increase in new clients and assets under administration since July 2010.
Prior to Omnium, he held roles as CEO for OpHedge Investment Services and as head of capital markets and prime broker operations at Royal Bank of Canada.
Northern Trust said its hedge fund services will operate as a division of its global fund services business following the acquisition of Omnium from Chicago-based Citadel. The acquisition is expected to close in the third quarter of 2011.
According to the Northern Trust, the hedge fund business will provide administrative and middle office services including trade processing, valuation, real-time reporting, cash management, accounting, collateral management and investor servicing, all linked with Northern Trust’s premier custody products.
Northern Trust Global Fund Services head Peter Cherecwich said Peter’s leadership of Northern Trust Hedge Fund Services will provide continuity for clients as the company combine Omnium’s highly regarded hedge fund services with Northern Trust’s global custody and fund administration capabilities in markets around the world.
