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Deals and People February 26, 2013
Northern Trust Announces Outsourced CIO Hires
February 26, 2013 (PLANSPONSOR.com) – Northern Trust has added senior expertise in outsourced chief investment officer (OCIO) services to its Multi-Manager Solutions group.
Reported by Rebecca Moore
Eric Peterson, senior program manager, will work with defined benefit (DB), defined contribution (DC) and Taft-Hartley retirement plan clients on investment strategy. Kim Matthews, pension risk strategist, will support corporate pension clients with actuarial consulting.
Mark Meisel, senior portfolio specialist, will work closely with the multimanager investment team, servicing institutional and private clients on investment strategy. Brian O’Hara, portfolio manager, will design, structure and implement multimanager portfolios for institutional clients.
Peterson is a former managing director of public markets for Boeing’s Trust Investment Group, where he was responsible for defined benefit pension assets and was instrumental in implementing a liability-driven investment (LDI) strategy. Matthews worked most recently with Aon Hewitt in an actuarial role.
Meisel brings experience from his time spent at Citi and UBS in manager research, investment strategy and product management. O’Hara joins from IBM, where he was a portfolio manager with experience investing for both defined benefit and defined contribution plans.
“We have been delivering outsourced investment management for 30 years, and the need for these services is only increasing as investment challenges become more complex and strategies change,” said Joseph W. McInerney, head of Multi-Manager Solutions at Northern Trust.