Northern Trust Asset Management has appointed Matthew Peron as managing director, global equity in a bid to combine active and index equity teams to foster the strengths of both disciplines in the development of investment solutions for its clients.
In his new role, Peron will oversee investment professionals managing US$407 billion in active and index strategies for Northern Trust clients worldwide.
Peron with 23 years of industry experience has joined Northern Trust in 2005 and most recently served as managing director, active equity, and has also been a senior portfolio manager and director of equity research.
Prior to Northern Trust, he has held senior risk management and quantitative analyst roles at Alliance Capital, Bank One and Lincoln Capital Management.
Northern Trust Asset Management Sais 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.
Also, Brent Reeder, a 20-year veteran of Northern Trust, will continue to direct U.S. equity index strategies.
Stephen N. Potter, president of Northern Trust Asset Management, said: "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."
Bob Browne, chief investment officer of Northern Trust said: "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."