STP Investment Services (STP), headquartered in the Philadelphia suburb of West Chester, Pa., has appointed industry veteran Dan Houlihan to the position of president, the company said.
In his new role, Houlihan will help STP expand and fine-tune its service offerings to a global audience, as well as manage the firm’s sales and operations teams, which STP founder and CEO Patrick Murray said would accelerate the firm’s worldwide growth.
“Since our founding in 2008, we have been steadily expanding our capabilities to meet the evolving front-to-back needs of our client,” Murray said in a prepared statement. “Adding Dan’s depth of expertise to our leadership roster will ... propel growth [across] our key markets.”
Houlihan most recently served as executive vice president and head of asset servicing for the Americas at Northern Trust, where he led a team of more than 3,000 employees supporting all client segments, according to a press release. He was also responsible for the firm’s strategy, client management, and operations for its asset servicing business.
In addition to Houlohan’s experience at Northern Trust, he co-founded Citisoft, an advisory consulting firm, and led the venture as its president, the press release said. He was also chairman of Nicsa, a not-for-profit trade association in the global asset management industry.
Houlihan said that because the firm had a strategic vision coupled with world-class technology and client service, it would thrive in the institutional, fund, and wealth markets it seeks to dominate.
“When I first met with Patrick and the team, I was very impressed by the way their service-first mentality drives everything they do – a cultural embodiment of my own passion for empowering client success,” Houlihan said in the press release. “I’m thrilled to be part of such a high-performing and growth-focused team and I look forward to contributing to STP’s current and future development.”
STP, a global investment operations and financial technology services firm with offices in the United States and India, oversees more than $340 billion in assets.