Northern Trust Asset Management has appointed Scott Bennett as its head of quantitative research & client solutions for Australia and New Zealand region.

Bennett is joining from Russell Investments, where he served as director of equity strategy & research.

He will be based in the company’s office in Melbourne, Australia and will report to Bert Rebelo, head of Northern Trust Asset Management for Australia and New Zealand.

Rebelo said: “Across the region, we continue to see increasing investor demand for, and adoption of our quantitative investment strategies – which are purposefully built to help investors achieve targeted excess returns and avoid unintended risks.

“As we continue to expand within the region, Scott’s extensive experience will play a vital role in developing solutions that help our clients achieve their objectives.”

Bennett spent 14 years at Russell Investments, prior to which he worked in different roles across Australia and the US.

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Northern Trust head of quantitative strategies Michael Hunstad said: “Our range of quantitative strategies is designed to support the unique requirements of our investors worldwide.

“Hiring Scott to lead our factor research and client solutions for the Australasian market will ensure we remain well positioned to continue to best serve our clients.”

Currently, the company’s portfolio comprises more than $900bn of investor assets. It guides investors on changing market settings.