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Northern Trust Asset Management Adds Public Funds and Taft-Hartley LeaderBob 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 is an experienced sales and client service professional with a record of success in establishing and expanding client and institutional consultant relationships," said John Abunassar, Head of Sales and Distribution in North America for the Institutional Group at Northern Trust Asset Management. "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." 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 advisor 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. Northern Trust Asset Management is a global asset management firm serving institutional and individual investors in 29 countries, with $900 billion in assets under management as of March 31, 2016. Northern Trust Asset Management offers proprietary and multi-manager solutions across all markets and asset classes, from passive to actively managed strategies, delivered in multiple vehicles. For more information, please visit our website or follow us on Twitter (News - Alert) @NTInvest. Northern Trust Asset Management is composed of Northern Trust Investments, Inc., Northern Trust Global Investments Limited, 50 South Capital Advisors, LLC, Northern Trust Global Investments Japan, K.K., NT Global Advisors, Inc. and investment personnel of The Northern Trust Company of Hong Kong Limited and The Northern Trust Company. About Northern Trust Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has offices in the United States in 19 states and Washington, D.C., and 20 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2016, Northern Trust had assets under custody of US$6.2 trillion, and assets under management of US$900 billion. For more than 125 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit northerntrust.com or follow us on Twitter @NorthernTrust. Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at http://www.northerntrust.com/disclosures. View source version on businesswire.com: http://www.businesswire.com/news/home/20160524005238/en/ |
