Retirement Industry People Moves

Bob Parise has joined Northern Trust Asset Management as practice lead, Public Funds and Taft-Hartley plans for the Institutional Group.

In this newly-created leadership role, he will collaborate across sales and client relationship management to establish business strategy and lead the delivery of investment solutions, including equity, fixed income and alternative asset classes, for these institutional segments.

Parise joins from J.P. Morgan Asset Management, where he was co-head of the Americas defined benefit business, responsible for new business development and relationship management across a group of corporate, public and Taft-Hartley defined benefit and defined contribution retirement plans.

“Bob’s exceptional leadership skills and depth of knowledge about the Public Fund and Taft-Hartley segments will strengthen our investment offering for these plans that serve millions of workers,” says John Abunassar, head of Sales and Distribution in North America for the Institutional Group at Northern Trust Asset Management.

Parise has more than 20 years of experience at J.P. Morgan Asset Management and its predecessor firms. Prior to his leadership role in the defined benefit business, Parise was Midwest regional manager, a client adviser and an institutional sales executive. He earned a Bachelor of Business, Finance degree from Western Illinois University and an M.B.A. from DePaul University.