Northern Trust (NTRS) in Chicago has named a new chief financial officer and split the roles of president and chief operating officer as part of series of leadership changes that will take effect on Sept. 1.

The $105.7 billion-asset company said Tuesday that the current CFO, Michael O'Grady, will take over as president of corporate and institutional services on Sept. 1 and that its current head of human resources, S. Biff Bowman, will become CFO.

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