Senior reshuffle at Northern Trust
04 November 2013
Category: News, Global, Hong Kong, Japan
By Asia Asset Management
Matthew Peron has been named managing director, global equity at Northern Trust Asset Management, a new role that brings together active and index equity teams in order to harness the strengths of both disciplines in the development of investment solutions for Northern Trust clients.
Mr. Peron brings 23 years of industry experience to the position, which includes oversight of investment professionals managing US$407 billion in active and index strategies for Northern Trust clients worldwide.
“We are pleased to announce Matt Peron’s appointment to this newly created global role where he can continue to foster the collaboration across active and index equity teams that has helped us innovate on behalf of our clients,” said Stephen N Potter, president of Northern Trust Asset Management. “Under Matt’s strong leadership, we are positioned to focus on a strategy that employs the full spectrum of quantitative equity investing – from index replication and alternative index management to factor-driven engineered solutions. Greater alignment of these teams will also allow us to further share best practices in research, risk management and portfolio construction.”
Collaboration between active and index equity has been a feature of Northern Trust’s thought leadership and product development in recent years. White papers issued to educate and inform clients around the blurring line between passive and active management include ‘The New Active Decision in Beta Management’ and ‘Understanding Factor Tilts’.
Mr. Peron was formerly managing director, active equity, and has also been a senior portfolio manager and director of equity research since joining Northern Trust in 2005. Prior to Northern Trust, he held senior risk management and quantitative analyst roles at Alliance Capital, Bank One and Lincoln Capital Management.
Northern Trust Asset Management also announced that Nick Dymond, who currently manages their international equity index portfolio management team in London, will expand his role to lead the firm’s portfolio management teams in Chicago, London, Hong Kong, and Tokyo to ensure consistent practices globally. Brent Reeder, a 20-year veteran of Northern Trust, will continue to direct US equity index strategies. All Northern Trust’s index equity mandates are managed using a systematic approach to portfolio and account management by a team with an average of 13 years of experience in index portfolio management.
“Equity indexing is a flagship capability of Northern Trust and remains a strategic priority for us, representing more than 40% of our assets under management,” said Bob Browne, CIO of Northern Trust. “Indexing is a business that we pioneered and will continue to lead, while our combined team delivers a greater breadth of solutions in the constantly evolving world of alternative indexing and factor-based investing.
“Our decision to create a combined global equity platform was the result of thoughtful strategic planning in recent years. We accelerated the execution on our vision when our managing director of global equity index and director of international equity index resigned recently to pursue other opportunities.”