By Business Wire, February 26, 2013, 11:30:00 AM EDT
Portfolio and Pension Expertise Added with Multi-Manager Solutions
Hires
CHICAGO--(BUSINESS WIRE)--
In response to rising demand from both corporate and not-for-profit
clients, Northern Trust has added senior expertise in outsourced chief
investment officer (OCIO) services to its Multi-Manager Solutions group.
Professionals with experience in corporate pension management,
investments and consulting have joined in recent weeks, adding to an
established Multi-Manager
Solutions team with more than $37 billion in assets under management
and $40 billion in assets under advisory for institutional and wealth
management clients. New hires include:
- Eric Peterson, senior program manager,will work with defined
benefit, defined contribution and Taft-Hartley retirement plan clients
on investment strategy. He is a former managing director of public
markets for Boeing'sTrust Investment Group, where he was responsible
for defined benefit pension assets and was instrumental in
implementing a liability-driven investment strategy.
- Kim Matthews, pension risk strategist, will support corporate pension
clients with actuarial consulting. She worked most recently with Aon
Hewitt in an actuarial role.
- Mark Meisel, senior portfolio specialist, will work closely with the
multi-manager investment team servicing institutional and private
clients on investment strategy. He brings experience at Citi and UBS
in manager research, investment strategy, and product management.
- Brian O'Hara, portfolio manager, will design, structure and implement
multi-manager portfolios for institutional clients. He joins from IBM,
where he was a portfolio manager with experience investing for both
defined benefit and defined contribution plans.
"We have been delivering outsourced investment management for 30 years,
and the need for these services is only increasing as investment
challenges become more complex and strategies change," said Joseph W.
McInerney, head of Multi-Manager Solutions at Northern Trust. "These
four experienced professionals bring further depth to our multi manager
solutions team so we can continue to provide our clients with
exceptional investment solutions and service without compromising our
process."
Northern Trust invests with more than 200 external managers worldwide,
including specialists across the spectrum of traditional and alternative
asset classes and strategies. Solutions developed recently to meet the
changing needs of investors include Emerging Markets debt strategies;
risk oversight for environmental, social and governance (ESG) factors;
and the Northern Multi-Manager Global Listed Infrastructure Fund
(NMFIX), launched in September 2012 to bolster clients' real asset
portfolios. Multi-Manager Solutions also has extensive capabilities with
emerging manager programs and total investment program management, or
OCIO, for institutional clients.
"Our disciplined innovation process matches the expertise of a global
investment manager platform with the evolving needs of corporations,
not-for-profit organizations, family offices and other investors," said
Chris Vella, Chief Investment Officer for Northern Trust Multi-Manager
Investments. "Strong investment research and portfolio management teams
are the foundation of our process, and these key additions demonstrate
Northern Trust's steadfast commitment to this flagship capability within
our asset management business."
Asset Management at Northern Trust begins with listening and
leads to answers beyond the expected for our clients. The multi-asset
class investment management business is comprised of Northern Trust
Investments, Inc., Northern Trust Global Investments Limited, Northern
Trust Global Investments Japan, K.K., the investment advisor division of
The Northern Trust Company and The Northern Trust Company of Connecticut
and its subsidiaries which offer investment products and services to
personal and institutional markets.
About Northern Trust
Northern Trust Corporation (Nasdaq:NTRS) is a leading provider of
investment management, asset and fund administration, banking solutions
and fiduciary services for corporations, institutions and affluent
individuals worldwide. Northern Trust, a financial holding company based
in Chicago, has offices in 18 U.S. states and 16 international locations
in North America, Europe, the Middle East and the Asia-Pacific region.
As of December 31, 2012, Northern Trust had assets under custody of
US$4.8 trillion, and assets under investment management of US$758.9
billion. For more than 120 years, Northern Trust has earned distinction
as an industry leader in combining exceptional service and expertise
with innovative products and technology. For more information, visit www.northerntrust.com
or follow us on Twitter @NorthernTrust.
Northern Multi-Manager Global Listed Infrastructure Fund —
Investing involves risk including the potential loss of principal.
Infrastructure companies may not realize projected revenue volumes due
to: cost overruns; changes in terms making a project no longer
economical; macroeconomic factors may raise the average cost of funding;
government regulation; government budgetary constraints; special tariffs
and/or changes in tax law and unfavorable accounting standards. Please
refer to the prospectus for more information on risks applicable to this
fund.
Please carefully read the prospectus and summary prospectus and
consider the investment objectives, risks, charges and expenses of
Northern Funds before investing. Call 800-595-9111 to obtain a
prospectus and summary prospectus, which contains this and other
information about the funds.
Northern Funds are distributed by Northern Funds Distributors, LLC, not
affiliated with Northern Trust.
Source: Northern Trust Corporation