Northern Trust Asset Management (NTAM) has named Alexandra Kovalenko as head of its Swedish branch.
Kovalenko will be responsible for leading sales across the Nordic region.
Having joined NTAM in 2019, she was part of Northern Trust’s Corporate & Institutional Services (C&IS) sales team since 2017.
Prior to that, she worked as an equity sales trader with Goldman Sachs in London across different execution desks.
Northern Trust established its presence in Sweden in 2009 to cater to increased demand from its Nordic clients for investment management solutions.
The appointment comes amid NTAM’s continued expansion efforts across the Nordic region. The firm recently launched four sustainability with quality low-volatility and income strategies registered in the UK, the Netherlands, Germany, Ireland, and Sweden.
NTAM head for Europe, Middle East and Africa (EMEA) Marie Dzanis said: “We’re seeing continued demand from investors across the Nordic region for sustainable investing solutions, particularly within our ESG quantitative active strategies and ETF funds.
“Through Alexandra’s leadership, expertise and local experience, we will be well placed to support our Nordic clients in achieving their investment goals.”
NTAM managed $1.2 trillion in client assets as of 30 September 2021.
Other developments at Northern Trust
In September this year, Northern Trust agreed to take an equity stake in behavioural analytics and consulting firm Essentia Analytics in a bid to accelerate its whole office strategy.
Northern Trust Whole Office strategy focuses on providing client with access to latest technologies, services and solutions across the investment lifecycle.
The same month, the firm rolled out an artificial intelligence-powered solution to extract unstructured investment data from alternative asset documents.
This solution, which builds on Northern Trust’s efforts to digitise alternative asset servicing, was developed in partnership with Microsoft Azure Applied AI Services and Neudesic.