Northern Trust Asset Management Strengthens OCIO Team

Northern Trust Asset Management has named Jessica Hart as Retirement practice lead in its Outsourced Chief Investment Officer (OCIO) business, and hired two experienced investment professionals to further strengthen its OCIO team and support recent growth across the Global Family Office, Retirement and Endowment & Foundation segments.

Hart, a 16-year Northern Trust veteran who has led global fund construction for the Multi-Manager Solutions group, will take leadership of a team that manages $60 billion in global multi-asset programs for defined benefit pensions and defined contribution retirement plans. In the OCIO role she succeeds John McCareins, who has been appointed to lead asset management in the Asia-Pacific region.

Joining Northern Trust are Lincoln Ellis, as a senior client investment officer for the Global Family Office practice, and Dan Kutliroff, as a senior sales specialist in the Retirement practice. These new positions also allow for personnel changes internally to strengthen support for Endowment & Foundation clients as well as the other OCIO teams.

“We are pleased to add new investment talent and experienced leadership to the OCIO business, where we are winning new clients on the basis of our global investment platform, dedicated client service teams and the financial strength and integrity of Northern Trust,” said Joseph W. McInerney, head of Multi-Manager Solutions at Northern Trust Asset Management. “Lincoln Ellis and Dan Kutliroff bring expertise in developing investment solutions for family offices and corporate plan sponsors, while Jessica Hart’s close collaboration with the Retirement team on portfolio design, manager research and client service will ensure a seamless transition for those clients.”

Northern Trust Asset Management, one of the world’s largest OCIO providers, won 11 new outsourcing clients in 2015 and three in the first quarter of 2016.

Hart joined Northern Trust in 2000 and served in a variety of senior roles in Multi-Manager Solutions, most recently as global head of Manager Research and Fund Management, leading a team of 15 senior research and portfolio analysts. She is co-manager of nine multi-manager mutual funds in the Northern Funds family and was a key player in developing the funds. Prior to joining Northern Trust, Hart worked in the financial and commodities risk consulting group of Arthur Andersen LLP. She received a BS in economics from the University of Wisconsin and an MBA from New York University, Stern School of Business.

A 20-year investment veteran, Ellis was most recently an independent advisor, portfolio manager and assets allocator for family office clients. Ellis spent eight years at Morgan Stanley in various roles from new client acquisition to asset allocation and investment strategy. He earned a BA in Political Science from Valparaiso University and an MA from New School for Social Research in New York City.

Kutliroff joins with more than 20 years of experience as an advisor to corporate retirement plans, most recently as director of OCIO sales in the Midwest for Mercer Investments. Prior to that, Kutliroff spent 17 years as an actuary for corporate plan sponsors. He received a BA in Applied Mathematics from Queens College of the City University of New York and has been a member of the American Academy of Actuaries since 2003.

Related to the new hires, Northern Trust Asset Management also announced that John Keshner, who has been the practice lead for both Endowment & Foundation and Global Family Office clients, will focus solely on the E&F segment, while Mark Maly will lead the Global Family Office Advisory practice. Also in support of new business and continued momentum in the E&F space, Paul Partington will expand his role as a senior client investment officer to include both E&F and GFO clients.

Northern Trust Asset Management is a leading provider of multi-manager investment solutions, with more than $98.9 billion in assets ($58.2 billion in assets under management and approximately $40.7 billion under advisement) as of December 31, 2015, for institutional and personal clients. Northern Trust invests with more than 300 external managers worldwide, offering personal and institutional solutions that include outsourced chief investment officer (OCIO) services, alternative asset classes, single asset class solutions and emerging manager programs.

Northern Trust Asset Management is a global asset management firm serving institutional and individual investors in 29 countries, with $875 billion in assets under management as of December 31, 2015. Northern Trust Asset Management offers proprietary and multi-manager solutions across all markets and asset classes, from passive to actively managed strategies, delivered in multiple vehicles. For more information, please visit our website or follow us on Twitter @NTInvest.

Northern Trust Asset Management is composed of Northern Trust Investments, Inc., Northern Trust Global Investments Limited, 50 South Capital Advisors, LLC, Northern Trust Global Investments Japan, K.K., NT Global Advisors, Inc. and investment personnel of The Northern Trust Company of Hong Kong Limited and The Northern Trust Company.

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has offices in the United States in 19 states and Washington, D.C., and 20 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of December 31, 2015, Northern Trust had assets under custody of US$6.1 trillion, and assets under management of US$875 billion. For more than 125 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit northerntrust.com or follow us on Twitter @NorthernTrust.

Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at http://www.northerntrust.com/disclosures

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