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 $37bn in assets under management and $40bn 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's Trust 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."