Deals and People

Retirement Industry People Moves

Northern Trust expands Institutional Client Service; JPMAM expands DC Real Estate team; Mesirow Financial partners with T. Rowe Price on fiduciary services; and more.

By Javier Simon editors@plansponsor.com | July 14, 2017

Northern Trust Expands Institutional Client Service

Northern Trust has made a series of senior appointments across its institutional client service and business development teams around the globe.

Shaun Flavin has joined as head of North American institutional sales. He will be responsible for asset servicing sales including global custody and transition management to large institutional investors in North America. Based in Chicago, Flavin has more than 25 years of experience in fund operations, institutional sales and relationship management, most recently in senior leadership roles at BNY Mellon.

Andrea Perry joined as senior client relationship manager at Northern Trust Canada for the Atlantic region serving both institutional investors and asset management firms. A 30-year veteran of the investment industry, Perry comes to Northern Trust from an investment management firm where she was responsible for developing and executing business development strategy and growth initiatives specifically in Atlantic Canada. Perry is a past president and current member of the CFA Society Atlantic Canada and member of the Association of Canadian Pension Management (ACPM).

Nigel Colgan joined Northern Trust’s institutional sales team in London in the newly created role of senior technology sales consultant, EMEA. Colgan will engage with strategic asset owners and asset managers across the region on the breadth and depth of Northern Trust’s technology solutions to support investment decision making, execution, oversight and analytics. Colgan brings more than 25 years of asset servicing experience, working with different client types across the region at BNY Mellon and ABN Amro Mellon.

Johnson Har joined as an institutional sales manager in Hong Kong. Har will focus on bringing Northern Trust’s capabilities and solutions to asset owners and asset managers across China, Hong Kong, Taiwan and South Korea. He joins from SS&C Fund Services and has worked for nearly a decade in business development and client relations for asset management, fund servicing and financial technology firms in the Hong Kong market.

“As our institutional client base grows across all regions, we continue to bring in talented professionals with the skills and experience our clients seek and the specific expertise to position our innovative technology in very competitive markets,” says Penelope Biggs, head of strategy, Corporate and Institutional Services at Northern Trust. “These appointments will drive our momentum and proactive approach in supporting the evolving needs of clients, through advanced operating models and scalable technology designed to deliver an optimum transparency and data governance experience.”

NEXT: FS Investments Appoints Head of Strategy

FS Investments Appoints Head of Strategy

FS Investments, an alternative asset manager with more than $20 billion in assets under management, has hired Michael Carter as executive vice president and head of Strategy. Carter will be based in the firm's Philadelphia headquarters, serve on the firm’s Executive Committee, and oversee firm strategy and business development with a focus on growing FS Investments’ existing credit franchise and expanding into other alternative investment platforms.

“Mike Carter has had a broad, impressive career in financial services as a credit and hedge fund platform builder, operator and leader,” says Michael C. Forman, chairman and CEO of FS Investments. “Mike’s investment experience and strategic focus will be critically important as we continue to build our business to offer investors more alternative investment options.”

In his most recent role as chief operating officer at Magnetar Capital, Carter had direct managerial responsibility for all global operations, strategic planning and business development. Carter was a member of the firm’s Executive Committee, Management Committee, Investment Committee, Valuation Committee and chair of the Operations Committee.

Prior to joining Magnetar, Carter spent 15 years at Lehman Brothers in various credit and investment banking roles, including leadership roles in the interest rate derivatives, securitization, and structured credit and CDO businesses. He was co-head of Lehman's Structured Credit Desk, co-head of its U.S. Structured Credit Sales group and a leader of the Hedge Fund Banking Group.  He also helped launch the firm's securitization business in London.

He holds a bachelor’s degree in business with a minor in politics from Wake Forest University.

NEXT: JPMAM Expands DC Real Estate Team

JPMAM Expands DC Real Estate Team

J.P. Morgan Asset Management has appointed Jani Venter as executive director of the Defined Contribution Real Estate Portfolio Management team. Based in New York, Venter will focus on managing and growing J.P. Morgan Global Alternative’s suite of defined contribution (DC) real estate strategies in the U.S., where the firm has more than $3 billion in daily valued real estate assets.

“DC plans are increasingly adopting real estate strategies as they look to provide participants with the diversification advantages that defined benefit plans have enjoyed for decades, and we’re continually expanding our team to address this demand.” says Sue Kolasa, managing director and portfolio manager, Defined Contribution Real Estate, J.P. Morgan Asset Management. “With her deep understanding of this rapidly growing space and a passionate focus on improving participant outcomes, Jani was a natural addition to the group as we continue our momentum and serve our clients.”

Prior to her appointment, Venter was an associate partner at Aon Hewitt, where she led the DC real estate research and consulting practice. She holds a master’s degree in Real Estate Development from MIT and Bachelor’s degrees in Building Science and Architecture from The University of Port Elizabeth, South Africa.

NEXT: Mesirow Financial Partners with T. Rowe Price on Fiduciary Services

Mesirow Financial Partners with T. Rowe Priceon Fiduciary Services

Mesirow Financial is providing 3(21) and 3(38) fiduciary partnership services to plan sponsors and advisers working with T. Rowe Price Plan Services.

The 3(21) offering is an investment advisory program that provides a broad menu of investment options of which MFIM takes fiduciary responsibility. The 3(38) service option gives MFIM full discretion for selecting, monitoring, and replacing investment options within plan line ups if necessary.

“We’re excited to work with T. Rowe Price, its client plans and advisers,” says senior managing director, Michael Annin. “We’ve developed a fiduciary service integrating our newest automation, technology, and reporting capabilities with their platforms to create a solution that supports and complements financial advisers.”

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