Northern Trust Asset Management has re-jigged its OCIO team and made two senior hires in a move aimed at better serving family office clients.

Northern Trust Asset Management is strengthening its outsourced chief investment officer business to support growth across its global family office, retirement and endowment and foundation segments.

Lincoln Ellis has been hired as a senior client investment officer for the global family office practice. The firm has also added Jessica Hart and Dan Kutliroff to its retirement practice as leader and senior sales specialist respectively.

Hart, who has worked at Northern Trust for 16 years, will lead a team that manages $60 billion in global multi-asset programmes for defined benefit pensions and defined contribution retirement plans. She succeeds John McCareins, who has been appointed to lead asset management in the Asia-Pacific region.

The roles that Ellis and Kutliroff assume are newly-created, allowing for “personnel changes internally to strengthen support for endowment and foundation clients as well as the other OCIO teams,” Northern Trust said.

Hart joined the firm in 2000 and has held a range of roles in multi-manager solutions - most recently as global head of manager research and fund management. She is also co-manager of nine multi-manager mutual funds in the Northern Funds family. Before joining Northern Trust, she worked in the financial and commodities risk consulting group of Arthur Andersen.

Ellis was most recently an independent advisor, portfolio manager and asset allocator for family office clients. He spent eight years at Morgan Stanley from 1998 to 2005 in various roles from new client acquisition to asset allocation and investment strategy.

Kutliroff was most recently director of OCIO sales in the Midwest at Mercer Investments. Before that, he spent 17 years as an actuary for corporate plan sponsors.

Related to the new hires, Northern Trust said John Keshner, who has served as practice lead for both endowment and foundation and global family office clients, will focus solely on the E&F segment going forward, while Mark Maly will lead the global family office advisory practice. Additionally, Paul Partington will expand his role as a senior client investment officer to include both E&F and GFO clients.