People Moves
Northern Trust Makes Handful Of Hires Amid Increased Demand For OCIO Services
Northern Trust Asset Management has made a number of senior hires in recognition of growing demand for outsourced chief investment officer services.
Northern Trust Asset Management has made a number of senior hires in recognition of growing demand for outsourced chief investment officer services.
Patrick Groenendijk, a CIO in multi-manager solutions, joins Northern Trust from Pensioenfonds Vervoer in the Netherlands, where he was responsible for managing the transport industry pension fund with $19 billion in assets.
James Hayes, formerly of Allstate Investments, and Tracey Nykiel, formerly with consultant R V Kuhns & Associates, also joined as client investment officers.
Meanwhile, Nazneen Kanga, formerly of Morgan Creek Capital Management, has joined as a solutions strategist focused on foundations, endowments and global family offices. Lastly, Kurt Zemaier, who was most recently with investment consultant Hewitt EnnisKnupp, has joined as a pension risk strategist.
Northern Trust said it has experienced rapid growth in investment outsourcing services, adding $14 billion in new assets in the 12 months ending June 30, 2014.
