Northern Trust has named Kimberly Evans as 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,” says 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 organisations 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,” says Evans. “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.”
