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Tuesday, August 19, 2014

MOVES-Northern Trust appoints investment officers to outsourced CIO team, (NASDAQ: NTRS)

The asset management arm of Northern Trust Corp named five senior investment officers to its outsourced chief investment officer (OCIO) services. Patrick Groenendijk, who joins Northern Trust as Client Investment Officer in Multi-Manager Solutions, comes from Pensioenfonds Vervoer in the Netherlands.James Hayes, who previously served at Allstate Investments, and Tracey Nykiel, previously with R.V. Kuhns & Associates, join as Client Investment Officers.Nazneen Kanga, who previously worked with Morgan Creek Capital Management, joined as Solutions Strategist, while Kurt Zemaier joined as Pension Risk Strategist. Zemaier was most recently with investment consultant Hewitt EnnisKnupp.

Northern Trust Corporation is a financial holding company that is a provider of asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals worldwide. Shares of NTRS traded higher by 0.84% or $0.56/share to $67.15. In the past year, the shares have traded as low as $52.40 and as high as $68.11. On average, 1016020 shares of NTRS exchange hands on a given day and today's volume is recorded at 810329.