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Deals and People August 7, 2008
Northern Trust Taps CTA Alum for Institutional Services Post
August 7, 2008 (PLANSPONSOR.com) - Northern Trust
has turned to Carl Lingenfelter, a former pension trustee for
the Chicago Transit Authority, to become its new manager of
strategy for the Corporate & Institutional Services
division.
Reported by Fred Schneyer
A Northern Trust news release said Lingenfelter will work with the Worldwide Operations & Technology unit, product teams, client service and other business lines to lead product innovation and oversee capital investments, strategic partnerships, mergers and acquisitions.
At the Chicago Transit Authority, where Lingenfelter was chief of staff as well as a trustee, he led a targeted expansion into hedge funds and private equity.
Lingenfelter was also staff director of the Illinois Office of Management and Budget, a strategy consultant at McKinsey & Company and Kissinger McLarty Associates, where he helped companies expand into global markets, and also served as an international economic policy adviser in the Clinton White House.
He holds an MBA from University of Chicago and a BA
in International Studies from Yale University, according
to the announcement
“We are pleased to have someone of Carl’s caliber join
our Global Product & Strategy team to support
international growth for asset servicing and develop
products that will help our clients understand their
investments and make educated decisions in the future,”
said Peter Cherecwich, Northern Trust’s global head of
asset servicing product development, in the announcement.
“Carl’s experience in global markets and his client
perspective from the CTA make him a valuable addition to
our team.”