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Learn about asset management solutions designed for Retirement Plan Advisors, TAMPs/Outsourcing Providers, Subadvisory Program Sponsors, RIAs/Financial Advisors and Trust Institutions.
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Learn about asset management solutions including: global index management, active equity and fixed income, target retirement date funds, and manager of manager programs.
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Get answers to your investment challenges with asset management capabilities including alternatives, exchange traded funds, fixed income, mutual funds and tax-advantaged equity.
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Insights & Research

Market and Economic Commentary

 
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Valuable Insight

Up-to-the-minute insight on your world from Northern Trust's in-house experts.

 
 

MarketScape Video Commentary

Weekly Insights from Northern Trust’s top investment experts on global markets and their impact on the investment landscape.
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Weekly Economic Commentary

The weekly commentary is a review of current activity in global financial markets, with an emphasis on the U.S. fixed income market.
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Dangers in Devaluing Currencies to Boost Exports - Carl Tannenbaum: The View from Here (August 2014)

August, 2014 – Carl TannenbaumThe View from Here
  • Decreases in exchange rates
  • The strength of the Euro
  • Risks to countries that devalue their currency
  • Currency devaluation can achieve good results
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Economic Update

Economic Updates provide you noteworthy statistics or developments during the course of the week.
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Global Economic Outlook

The Global Economic Outlook is a quarterly review of activity in global markets, along with a forecast for the coming quarters.
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Northern Trust Perspective

Monthly publication designed to keep you abreast of the latest economic and market changes.

Economist Biographies

 
Carl R. Tannenbaum

Carl R. Tannenbaum

Chief Economist
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Carl R. Tannenbaum

Carl R. Tannenbaum

Chief Economist
 
Carl Tannenbaum is the Chief Economist for Northern Trust. Prior to joining Northern Trust, Carl led a team at the Federal Reserve Bank of Chicago whose charter was to analyze financial risk, its implication for the broad economy and policy choices to address it. He served as the head of the entire Federal Reserve System's risk group in Washington for a year, working closely with Federal Reserve System Governors and senior officials.

Preceding his work at the Federal Reserve, Carl served as chief economist and head of balance sheet management at LaSalle Bank/ABN AMRO, where he worked for 24 years.

He received a bachelor's degree in finance and economics and a Masters of Business Administration degree from the University of Chicago. He is a past chairman of the Conference of Business Economists and also a past president of the National Association for Business Economics and the North American Asset/Liability Management Association.
 
Asha Bangalore

Asha Bangalore

Senior Vice President and Economist
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Asha Bangalore

Asha Bangalore

Senior Vice President and Economist
 
Asha Bangalore is Senior Vice President and Economist at The Northern Trust Company, Chicago. Prior to joining the bank in 1994, she was Consultant to savings and loan institutions and commercial banks at Financial & Economic Strategies Corporation, Chicago. Ms. Bangalore was a faculty member of the Department of Economics, Trinity College, Connecticut, during 1990-1992. She was graduated with a Bachelor of Arts degree from Bangalore University, India. She received Master of Arts and Ph.D degrees in Economics from the University of Connecticut. Ms. Bangalore is a member of the National Association of Business Economists and the American Economic Association.
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Investment Strategy

 
 
Jim McDonald

Jim McDonald

Chief Investment Strategist
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Jim McDonald

Jim McDonald

Chief Investment Strategist
 
Jim McDonald is an Executive Vice President and the Chief Investment Strategist for Northern Trust. In addition, he chairs the Northern Trust Tactical Asset Allocation Committee, is a member of the Investment Policy and Private Equity Investment Committees, and is trustee of the Northern Trust Alpha Strategies and Equity Long/Short Strategies Hedge Funds.

Prior to joining Northern Trust in 2001 as the Director of Equity Research, Jim was Director of Equity Research at ABN AMRO in New York and Chicago (1994-2000) and Equity Research Analyst at ABN AMRO following the Environmental Services Industry (1990-1994). He started his professional career in 1981 with Arthur Andersen & Co. in Detroit.

McDonald received a BBA from the University of Michigan and an MBA degree with high distinction from Babson College. He is a member of the CFA® Society of Chicago and a registered CPA in the State of Michigan.
 
Wayne Bowers

Wayne Bowers

Chief Executive Officer & Chief Investment Officer, Asset Management, EMEA & APAC
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Wayne Bowers

Wayne Bowers

Chief Executive Officer & Chief Investment Officer, Asset Management, EMEA & APAC
 

 As Chairman and Chief Executive Officer and Chief Investment Officer of Northern Trust Asset Management, EMEA and APAC, Wayne is responsible for the continued growth and development of Northern Trust's investment business in Europe, the Middle East, Africa and Asia Pacific. Wayne also serves as Chief Investment Officer of international markets, as a Director of Japan, K.K. and is a member of the corporation's European Management Committee, which oversees all Northern Trust businesses in the EMEA region.

Before joining Northern Trust in 1999 as Director of Global Fixed Income, Wayne worked for ABN AMRO Bank and Hambros Bank, where he managed multi-instrument trading books and used foreign exchange and interest rate derivative markets to extract relative value opportunities.  He has more than 20 years of experience as a portfolio manager, proprietary trader and market maker within multi-instrument, multi-currency environments.

 
Bob Browne, CFA

Bob Browne, CFA

Chief Investment Officer
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Bob Browne, CFA

Bob Browne, CFA

Chief Investment Officer
 

Bob Browne is an Executive Vice President and Chief Investment Officer for Northern Trust. He is a member of Northern Trust's Operating Group, reporting directly to the Management Group.

Bob chairs the firm’s Investment Policy Committee, which sets investment policy for all Northern Trust groups in all asset classes. He is responsible for investment performance, process and philosophy across multiple investment strategies including fixed income, active equity and passive investments. Bob joined Northern Trust in January 2009 and has more than 20 years of investment experience.

From 2004 until 2009, Bob worked for ING Investment Management and was the firm’s Chief Investment Officer for Fixed Income and Proprietary Investments. In this capacity, he oversaw $120 billion in assets under management across retail and institutional clients, as well as the firm’s own insurance assets. From 2002 to 2004, Bob was founder and Managing Partner of Picador Capital, an alternative investment firm. From 1999 to 2001, he was Co-Head of Americas Fixed Income for Merrill Lynch Investments and he also worked in the firm’s London office from 1997 to 1999 as a senior portfolio manager. Bob spent the first eight years of his career, from 1989 until 1997, at JP Morgan Investment working as a global fixed income and currency portfolio manager in the firm’s Tokyo and London offices.

Bob holds a B.A. with a major in economics from the College of the Holy Cross. He also has a Masters in international business studies from the University of South Carolina. Bob is a holder of the right to use the Chartered Financial Analyst® designation.

 
Katie Nixon

Katie Nixon

Chief Investment Officer, Wealth Management
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Katie Nixon

Katie Nixon

Chief Investment Officer, Wealth Management
 
Katherine is the Chief Investment Officer for the Wealth Management business at Northern Trust. In that capacity, Katie leads the national investment management practice for Northern Trust’s Wealth Management business from the firm’s Chicago headquarters. Her responsibilities include investment policy development with a particular focus on portfolio construction and implementation. She also directs the investment management activities of over 200 Northern Trust portfolio managers across the firm’s 79-office Wealth Management franchise. Katie sits on the Firm’s Investment Policy Committee and Tactical Asset Allocation Committee, and she chairs the Wealth Management Investment Advisory Committee.

Prior to joining Northern Trust, Ms. Nixon worked at U.S. Trust Company for eighteen years in several investment related capacities, including Managing Director and Division Manager in the Wealth Management Division in New York, overseeing a group of portfolio managers and client service officers with total combined assets under management in excess of $7 Billion. Ms. Nixon also served on US Trust's Portfolio Policy Committee as well as the Private Equity Investment Committee.

Katherine received her B.A. from Wellesley College and her M.B.A. in Finance from New York University, Stern School of Business where she graduated with distinction, Beta Gamma Sigma, and was a Stern Scholar. She has received the designations of both Certified Investment Management Analyst (CIMA® ) and Certified Private Wealth Advisor ( CPWA®) from the Investment Management Consultants Association. Further, she has been awarded the Chartered Financial Analyst (CFA) designation, and is also a member of the New York Society of Security Analysts and the Investment Management Consultants Association (IMCA).
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Dangers in Devaluing Currencies to Boost Exports - Carl Tannenbaum: The View from Here (August 2014)

 
August, 2014 – Carl TannenbaumThe View from Here
  • Decreases in exchange rates
  • The strength of the Euro
  • Risks to countries that devalue their currency
  • Currency devaluation can achieve good results
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