Northern Trust Names Leader of New Alternatives Unit

October 24, 2011 ( - Northern Trust announced that Robert P. Morgan has been named to lead a new unit, Northern Trust Alternatives Group.

The new unit was formed to develop and manage all alternative investment products, including hedge and private equity funds of funds, for institutional and personal clients. Northern Trust Alternatives Group brings together portfolio management, product, sales, and service teams to build on the private equity and hedge fund solutions that have been part of Northern Trust’s manager-of-managers business.   

Morgan, who had previously been Director of Private Equity, oversees approximately $3.5 billion under management or advisory as Managing Director of the new group. He reports to Chief Investment Officer Bob Browne.  

According to the announcement, Morgan has more than 20 years of financial industry experience and has invested in more than 100 private equity funds covering the buyout, venture capital, real estate, and international markets. He sits on several fund advisory boards and is a board member of the Illinois Venture Capital Association.   

He received a BA in Economics from Wake Forest University and an MBA from Emory University.