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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
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Monday, January 25, 2010 Northern Trust Taps a Global Sales Chief There was a changing of the guard last Friday at Chicago-based Northern Trust, as Alan Robertson was named global head of sales and service for Northern Trust Global Investments (NTGI), the firm's investment management arm. Meanwhile, Joseph McInerney stepped into Robertson's old shoes as CEO and president of the advisory arm –- Northern Trust Global Advisors (NTGA). Robertson, who will be based in Chicago, will now report to Stephen Potter, the President of NTGI. Since 2007, Robertson has served as President and CEO of Northern Trust Global Advisors –- the role that McInerney will now fill. An 11-year Northern Trust veteran, Robertson previously held positions including group head of wealth advisory services and managing director, NTGI product management, marketing, operations and technology, where he developed and managed the company's investment management products. For his part, McInerney served since 2005 as COO of Northern Trust's advisory operations (NTGA), overseeing daily operations and administration processes and the development of infrastructure, technology, operations, and strategy. McInerney, who will be based in Stamford, Connecticut, will report to Robertson. Before becoming COO of NTGA, McInerney held a number of roles at Northern Trust including Senior Product manager for alternative investments and head of the audit group responsible for the company's treasury and investment management functions. Prior to joining Northern Trust, McInerney was a Senior Bank Examiner for the State of Illinois Office of Banks and Real Estate. Northern Trust Global Investments (NTGI) is the multi-asset class investment management arm of Northern Trust Corporation and encompasses Northern Trust Global Advisors, its investment advisor division and its subsidiaries. Company Press Release Northern Trust Names Alan Robertson Global Head of Sales and Service for NTGI Joseph McInerney Promoted to CEO and President of Northern Trust Global Advisors CHICAGO, Jan. 22 /PRNewswire-FirstCall/ -- Northern Trust announced today that Alan Robertson has been appointed Global Head, Sales and Service, for Northern Trust Global Investments (NTGI), the multi-asset class investment management business of Northern Trust Corporation. In this newly-created position, Robertson will oversee sales, client service and product management in all regions and align resources more explicitly with NTGI's personal and institutional distribution channels. Robertson is based in Chicago and reports directly to Stephen N. Potter, president of NTGI. Since 2007, Robertson has been CEO and President of Northern Trust Global Advisors (NTGA), the multi-manager arm of Northern Trust Corp. Joseph McInerney, who has been chief operating officer of NTGA, was promoted to President and CEO, succeeding Robertson. McInerney is based in Stamford, Conn., and reports to Robertson. "Alan Robertson is a consummate professional who can lead our staff in delivering excellence in execution on behalf of clients around the globe. He will play a key role as we continue to align our organizational structure with our strategy to provide clients with superior investment expertise, advice and service in all markets," Potter said. "Joe McInerney has demonstrated solid leadership as NTGA has grown in recent years as a provider of multi-manager investment solutions ranging from mutual funds to customized investment programs for institutional and high net worth clients. Joe is well-positioned to lead NTGA's continued growth in pension outsourcing and other sophisticated investment solutions." Robertson has held a number of senior roles since joining Northern Trust 11 years ago. Before leading NTGA, he served as group head, wealth advisory services, in Northern Trust's Personal Financial Services business. Previously, he was managing director, NTGI product management, marketing, and operations and technology, responsible for developing and managing the full array of Northern Trust's investment management products. Prior to joining Northern Trust, Robertson held various senior positions in the investment management business. He earned a B.A. degree with honors in international relations from Eisenhower College and an M.B.A. degree from The Darden Graduate School of Business at the University of Virginia. "This new, global position is an exciting opportunity to develop our solutions-led organization, with multiple capabilities brought together seamlessly for our clients in all regions," Robertson said. "Working with Chief Investment Officer Bob Browne and his portfolio management teams, we will bring a depth of expertise around our investment capabilities to better meet the increasingly complex needs and demands of our clients." McInerney has been COO of NTGA since 2005, responsible for day-to-day operations and administration processes as well as the continued development of its infrastructure, operations, technology and strategy. Prior to this role, McInerney served as the Senior Product Manager for alternative investments, responsible for the development, evaluation and maintenance of Northern Trust hedge fund of funds and private equity fund of funds programs for both personal and institutional markets. Previously, he led the audit group responsible for the oversight of the treasury and investment management functions of the Northern Trust Corporation. Before joining Northern Trust, he was a Senior Bank Examiner for the State of Illinois Office of Banks and Real Estate. He holds an MBA with a concentration in Finance from DePaul University and a BA from Northern Illinois University. "NTGA is poised for further growth, with a full array of multi-manager solutions offering exposure to active investment managers across the asset and strategy spectrum," McInerney said. "I am excited to lead NTGA at a time when challenging financial markets are demonstrating the value of our expertise in manager research, portfolio construction and risk management strategies." *Northern Trust Global Investments* (NTGI) is the multi-asset class investment management business of Northern Trust Corporation. NTGI comprises Northern Trust Investments, N.A., Northern Trust Global Investments Limited, Northern Trust Global Investments Japan, K.K., the investment advisor division of The Northern Trust Company and Northern Trust Global Advisors, Inc. and its subsidiaries. _*About Northern Trust*_ Northern Trust Corporation (Nasdaq: NTRS SOURCE Northern Trust Corporation Printed from: MFWire.com/story.asp?s=23987 Copyright 2010, InvestmentWires, Inc. All Rights Reserved |