- September 2, 2010 - Northern Trust Names New Netherlands Country Head
Chicago-headquartered Northern Trust has named Wim van Ooijen as its new country head for the Netherlands, promoting him from his previous post as head of the bank’s Dutch relationship management team.
In his new role van Ooijen succeeds Eric Pouwels, who has been appointed director of strategic development for EMEA. As country head van Ooijen assumes responsibility for asset servicing business development, sales and client activities across the Netherlands and will also serve as the primary contact for the country’s regulators, Northern Trust said in a statement.
- September 2, 2010 - Executive Moves - August 2010
North America
JP Morgan Asset Management named Michael O'Brien to the newly created role of global head of institutional client group. He reports to chief executive Mary Callahan Erdoes. Prior to this position, O Brien was head of the institutional investment management division of BlackRock.
- August 18, 2010 - The Growing Importance Of Behavioral Finance
The growing importance of behavioral finance in the aftermath of the financial crisis was dramatically underscored in the recently released and highly influential World Wealth Report by Merrill Lynch and Capgemini.
Noting that billions of dollars in assets are still in motion, the report states that wealth management firms are now “leveraging key tenets of behavioral finance to rebuild investor trust and confidence”.
A number of leading firms including Merrill Lynch, Northern Trust and JP Morgan Chase are in fact aggressively embracing behavioral finance in their day-to-day .
- August 4, 2010 - Executive Moves - July 2010
UK
Mark Atherton left the Birmingham branch of Rathbone Brothers, the UK based private wealth and investment management firm.
John Lamb Partnership, the London-based IFA, named Campbell Edgar as head of private clients, a role in which he will oversee an eight-strong team of financial planners. He joins the firm from Andersen Charnley, where up until April of this year he served as consultant director within its City division.
- July 2, 2010 - Executive Moves - June 2010
United Kingdom
UK-based Close Asset Management continued its expansionary moves with the appointment of a new business development manager for the northern region, who is to focus on Manchester, Leeds and Sheffield in particular. Edward Sale joins from IFA Network, Standard Financial.
Ariadne Capital, a London-based investment and advisory network, brought in six new investor members from some of the world’s most prominent businesses.
- June 30, 2010 - Northern Trust Launches Platform For Tax-Transparent Cross-Border UCITS Funds
Chicago-headquartered investment and asset manager Northern Trust has set up a Common Contractual Fund, a platform that will allow investment managers to offer proprietary investment strategies in a cross-border fund vehicle designed to appeal to large institutional investors.
The Northern Trust CCF is an Irish-domiciled vehicle established under the EU’s Undertaking for Collective Investment in Transferable Securities directive - UCITS.
Within the Northern Trust CCF, investment managers can establish sub-funds with distinct portfolios of assets, investment guidelines, fun.
- June 22, 2010 - New Managing Director At London-Based Northern Trust Global Investments
Northern Trust Global Investments, the London-based multi-asset class investment manager of Northern Trust, has appointed John Krieg to the newly-created position of managing director for the Europe, Middle East and Africa region.
Krieg, who joins from Northern Trust’s headquarters in Chicago, will lead the teams responsible for business development and client service, direct investment product management, equity index and fixed income product lines, the firm said in a statement.
“In this new role, John will bring extensive experience in product development and client servi.
- June 3, 2010 - French Asset Manager Adds Two Sales Officers, Product Specialist
Tobam, the French asset manager, has added to its sales team with three new hires, including sales officers for the UK and the Benelux countries and a product specialist.
Elizabeth Breaden joins as product specialist and client service. Most recently, she has been with AXA Investment Managers in Paris.
- June 2, 2010 - Northern Trust Adds Funds Of Hedge Funds Compliance Function To Monitoring System
Chicago-headquartered Northern Trust has further enhanced its Hedge Fund Monitor product, adding a compliance module designed to support the demands of UCITS funds of hedge funds - a move which underlines the industry-wide demand for greater transparency.
“Our latest Hedge Fund Monitor enhancement helps fund managers running UCITS funds of hedge funds to monitor their compliance with restrictions on liquidity, concentration risk and exposure to underlying non-UCITS funds,” said Ian Headon, senior product manager for alternative asset servicing at Northern Trust.
Headon added.
- May 6, 2010 - Executive Moves - April 2010
United Kingdom
Saffery Champness promoted Jonathan Fox, previously executive partner, to managing partner and appointed Rob Elliott as finance partner after eight years in the managing role.
Fox was previously chief executive of both a law firm (Collyer Bristow) and barristers' chambers St Philips.
Nucleus, the UK-based platform business, appointed Danby Bloch as a non-executive director, a role in which he is charged with ensuring that the interests of the business’ growing IFA community continue to be represented at the highest level.
