Products September 8, 2011

Northern Trust Expands Asset Management Capabilities in Asia-Pacific

September 8, 2011 (PLANSPONSOR.com) - Northern Trust has announced plans to provide index equity portfolio management to institutional clients from its Hong Kong office.
Reported by

To lead the development of its expanded asset management capabilities in Hong Kong, Northern Trust has made two key appointments: Patrick Dwyer, Senior Portfolio Manager in the global index equity team, and Craig Annakin, who joined Northern Trust as Head of Asian Dealing, responsible for setting up the new Asian dealing desk.  

Dwyer will be responsible for the management of international index portfolios.  He joins the office with a range of experience in managing index mandates including developed, emerging and frontier markets, as well as currency and future overlays. According to the announcement, Dwyer transferred from Northern Trust’s Chicago office in March and has been involved in setting up the portfolio management capability and hiring.   

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Annakin joined Northern Trust in May from Deutsche Asset Management in Singapore, where he headed up operations for the Asia region’s dealing desks. In addition to his Asian responsibilities, he had a global role on strategic, performance and process outlook of the global footprint, including New York and Frankfurt.
Products September 8, 2011

New Smartphone App Can Give Employees Instant Raise

September 8, 2011 (PLANSPONSOR.com) – The American Payroll Association (APA) launched a Paycheck Maximizer smartphone application to help workers potentially add hundreds of dollars to their paycheck instantly. 

Reported by

The free application helps workers properly fill out a Form W-4 to better match the taxes withheld from each paycheck with their actual tax liability. 

According to a press release from the APA, last year the average tax refund was over $3,000, an overpayment of more than $250 a month in taxes. The Paycheck Maximizer app will make it easier for America’s workers to more accurately fill out their Form W-4 to put the money back in their paycheck. 

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The free app is available for iPhone and Android smartphones. To download it, visit www.mypaycheck.org. 

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