Northern Trust Asset Management has appointed Darek Wojnar as its new head of funds and managed accounts, replacing Shundrawn Thomas.

Based in Chicago, Wojnar will be responsible for developing, distributing and managing Northern mutual funds, FlexShares exchange-traded funds (ETF), as well as managed accounts.

In the new role, he will report to Thomas, who also serves as the firm’s president.

Wojnar, who has an experience of 23 years in the investment industry, is joining Northern Trust from Hartford Funds, where he was the head of ETFs.

Prior to that, he served as the managing director and head of single asset strategies at Lattice Strategies that was taken over by Hartford Funds. Previously, he also served as the head of the US iShares product roster at BlackRock and head of ETF product development at UBS Global Asset Management.

“Darek is a perfect fit for us, as he has demonstrated strong leadership throughout his career at highly respected fund leaders. He’s established a formidable track record of building and strengthening products for investors. And he’s done so while employing an analytical, principled approach to portfolio construction and product innovation,” Thomas noted.

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