x
Your preference has been saved. Remove your saved preference.
You must supply both a username and a password to login.
You must supply a username, password and token to login.
Sign on
Passport secured login icon  
 
Wealth Management
Asset Management
Asset Servicing
Insights & Research
About Northern Trust
Search go
Click to close drop down menu.
 
Click to close drop down menu.
Financial Intermediary
Learn about asset management solutions designed for Retirement Plan Advisors, TAMPs/Outsourcing Providers, Subadvisory Program Sponsors, RIAs/Financial Advisors and Trust Institutions.
Institutional
Learn about asset management solutions including: global index management, active equity and fixed income, target retirement date funds, and manager of manager programs.
Individual
Get answers to your investment challenges with asset management capabilities including alternatives, exchange traded funds, fixed income, mutual funds and tax-advantaged equity.
Click to close drop down menu.
 
Northern Trust Logo
 
Economy & Markets

Our Experts

 
.
 
 
 
 
 
 
 
 
.

Expertise Matters

Northern Trust offers proactive guidance and thought leadership to help anticipate your needs and provide custom solutions that fit your life.

 
Carl R. Tannenbaum

Carl R. Tannenbaum

Chief Economist
 
Hide Profile
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
 
Hide Profile
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.
 
Victoria Marklew

Victoria Marklew

Senior Vice President and International Economist
 
Hide Profile
Victoria Marklew

Victoria Marklew

Senior Vice President and International Economist
 
Victoria Marklew is a Senior Vice President at The Northern Trust Company, Chicago. She joined the Bank in 1991, and now heads the Country Risk Management unit, assessing country lending and investment risk around the world. Dr. Marklew has a B.A. degree from the University of London, an M.Sc. from the London School of Economics, and a Ph.D. in Political Economy from the University of Pennsylvania. She is the author of Cash, Crisis, and Corporate Governance: The Role of National Financial Systems in Industrial Restructuring (University of Michigan Press, 1995). She and her husband, Michael, reside in Jenkintown, Pennsylvania.
James Pressler

James Pressler

Associate International Economist: Asia and Middle East
 
Hide Profile
James Pressler

James Pressler

Associate International Economist: Asia and Middle East
 
Jim Pressler is a Second Vice President at The Northern Trust Company, Chicago. Mr. Pressler joined the bank in 1993, and since 1995 has been an economist in the Country Risk Unit, assessing country lending and investment risk around the world. With a general focus toward developing economies, Mr. Pressler specializes in China and the roles of the dominant Asian countries, and has spoken extensively on the topic. He received a B.S. degree in Statistics and Operations Research from the University of Illinois at Chicago.
 
Ieisha Montgomery

Ieisha Montgomery

Associate International Economist
 
Hide Profile
Ieisha Montgomery

Ieisha Montgomery

Associate International Economist
 
Ieisha Montgomery is an Associate International Economist at The Northern Trust Company, Chicago. Ms. Montgomery worked in client servicing and project management with Northern Trust Global Investments prior to joining the Country Risk Unit. Ms. Montgomery holds a Bachelor's degree in International Relations and Political Science from the University of Wisconsin-Madison, as well as a Master's degree in International Politics from the University of Manchester, UK. She currently monitors the Asia-Pacific, non-EU/Eastern Europe, and Sub-Saharan Africa regions.
Bob Browne, CFA

Bob Browne, CFA

Chief Investment Officer
 
Hide Profile
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.

 
Jim McDonald

Jim McDonald

Chief Investment Strategist
 
Hide Profile
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
 
Hide Profile
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.

 
Katie Nixon

Katie Nixon

Chief Investment Officer, Wealth Management
 
Hide Profile
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).
Andrew S.C. Smith, CFA, CAIA

Andrew S.C. Smith, CFA, CAIA

CIO, Managing Executive, Asset Management, Canada
 
Hide Profile
Andrew S.C. Smith, CFA, CAIA

Andrew S.C. Smith, CFA, CAIA

CIO, Managing Executive, Asset Management, Canada
 

Andrew Smith is Managing Executive of Northern Trust Asset Management in Canada and Chief Investment Officer of the Asset Management Client Solutions group. Andrew leads efforts to understand investor needs, market themes and trends — and translates these into investment solutions built upon intelligent risk management and research. He has presented on investment strategy, investment process, investment due diligence, and investment risk management to audiences worldwide.

Andrew is a voting member of Northern Trust's Investment Policy Committee, which sets investment policy for all Northern Trust groups in all asset classes. He is also a member of Northern Trust’s Canadian Investment Oversight Committee, Capital Markets Assumptions, Hedge Fund, and Private Equity Oversight Committees. Andrew also serves as Chairman of the Board, CEO, and President of NT Global Advisors, Inc., the Canadian Asset Management subsidiary of Northern Trust.

Andrew has extensive experience evaluating money management teams in traditional and alternative asset classes for both institutional and high net-worth clients. He served as CIO of Multi-Manager Solutions for six years, overseeing worldwide manager research and portfolio construction and leading teams engaged in investment research, portfolio management, asset allocation and investment risk. Andrew has also worked as a portfolio manager, research analyst, and client relations contact for Northern Trust Multi-Manager Solutions’ Canadian third-party high net-worth business.

Prior to joining Northern Trust in 2000, Andrew was manager of investments and portfolio series mutual funds at Spectrum Investments (a subsidiary of Sun Life Assurance) and was responsible for strategic asset allocation funds and structured portfolios. Andrew began his career in 1986 as an audit specialist at the accounting firm of Ernst and Young.

Andrew holds the Chartered Financial Analyst® and the Chartered Alternative Investment Analyst designations; he is also a registered Investment Counsel and Portfolio Manager. He is a member of the Toronto Society of Financial Analysts and the Toronto Chapter of the Chartered Alternative Investment Analysts Association. Andrew also earned an undergraduate degree in political science from the University of Western Ontario.

Insights & Research

Helping you anticipate and address change.

 

Economic Commentary

October 31, 2014

  • The ECB’s stress test is a positive – but only first – step
  • Falling oil prices are a two-way street for the U.S.
  • Ebola has proved contagious to body and mind
'">
 

U.S. Economic Outlook

October 9, 2014

Growth on a strong trajectory'">
 

Market Commentary

What to Expect When You’re Expecting … A Rate Hike

How will the eventual rise in interest rates affect financial market assets? Jim McDonald looks to current fundamentals and historical precedent.'">
 

The View from Here

 

The Quest for Full Employment

October 29, 2014 – Carl TannenbaumThe View from Here
  • Is the US getting close to full employment
  • Wage trend implications for labor markets
  • Policies that can further progress
  • Should the Federal Reserve wait until we reach full employment before raising rates
.
 

MarketScape

 

Katie Nixon: Global Market Volatility — 5 Key Lessons Learned

October 27, 2014 - Katie Nixon
Investors have had a wild ride over the last two weeks. What is the market telling us, and what does this mean for investors? Watch..
 
.
 
 
 
 
 
 
 
.