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Our Experts

 
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Expertise Matters

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

Economy & Markets

 
 
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.
 
Victoria Marklew

Victoria Marklew

Senior Vice President and International Economist
 
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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
 
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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
 
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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.
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Wealth Management

 
 
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).
R. Hugh Magill

R. Hugh Magill

Chief Fiduciary Officer
 
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R. Hugh Magill

R. Hugh Magill

Chief Fiduciary Officer
 

R. Hugh Magill is an Executive Vice President of Northern Trust Corporation, Chicago, where he serves as Chief Fiduciary Officer and Global Director of Trust Services. In this capacity he is responsible for Northern’s fiduciary services to clients nationally and internationally.

Prior to joining Northern Trust in September, 1989, Hugh practiced law privately in Chicago, and worked in the Trust Department at The First National Bank of Chicago where he served as Assistant to the Chief Investment Officer.  Magill received a B.A. degree, cum laude, from St. Olaf College in Northfield, Minnesota, and a J.D. degree from the University of Minnesota Law School, where he was named a distinguished alumnus in 2005.

Hugh is a member of the Chicago, Illinois and American Bar Associations, the Chicago Estate Planning Council, and the Christian Legal Society.  He is licensed to practice law in Illinois and Minnesota and admitted to practice before the United States Tax Court.  He is a faculty member of the American Banker’s Association  National Trust School and has lectured for the American College of Trust and Estate Counsel, The Heckerling Institute, The Notre Dame Institute, the Northwestern University Center for Family Enterprise, regional bar associations and estate planning councils, and Northern Trust on estate and charitable planning, trust management, family governance, and fiduciary risk management.

He is a trustee of the Covenant Board of Pensions and Benefits, and he serves on the Boards of the Block Museum of Art, Ministry Mentors, The Chicago Sunday Evening Club, several foundations, and serves as a member of the Dean's Cabinet for the Generations Capital Campaign for the University of Minnesota Law School.  He serves on the Editorial Board of Trusts & Estates magazine, the executive council of the Trust Management Association, and has authored articles for Trust & Estates, Trust & Investments, and Wealth magazines.

 
Suzanne L. Shier

Suzanne L. Shier

Senior Vice President
 
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Suzanne L. Shier

Suzanne L. Shier

Senior Vice President
 

Suzanne L. Shier is the Wealth Planning Practice Executive and Chief Tax Strategist/Tax Counsel for Wealth Management at Northern Trust and serves on the Wealth Management Operating Group. She is responsible for leading Wealth Planning Advisory Services and for providing thought leadership on wealth planning and tax issues of interest to clients and their advisors, with a special emphasis on wealth planning and tax policy, legislation, strategies, trends and developments.

Prior to joining Northern Trust, Suzanne spent 26 years as a partner at Chapman and Cutler LLP in Chicago, ultimately leading the firm’s Trusts and Estates practice, representing individuals, charitable organizations, and corporate fiduciaries in a full range of wealth planning and fiduciary matters, including philanthropy, domestic and international wealth planning, and fiduciary administration.

Suzanne is an adjunct professor in the Master of Laws in Taxation Program at Northwestern University Law School and also a frequent speaker and author. She has been quoted in publications such as the Wall Street Journal and Bloomberg and has received numerous professional honors and recognitions, including selection for inclusion in Best Lawyers in America in Trusts and Estates.
Suzanne earned her bachelor’s degree with distinction in economics and sociology from the University of Michigan in 1982. She received her law degree, cum laude, from the Loyola University Chicago School of Law in 1985 and a master of laws in taxation from the DePaul University College of Law in 1997.

In the civic community, Suzanne supports diversity and education initiatives. She has been involved with the Executive Committees and Boards of Directors of Gads Hill Center and the Chicago Coalition of Women’s Initiatives in Law. Suzanne is Chairperson of the Board of Directors of Chicago Scholars, a college access program for high potential urban students, and a Trustee of Hope College.

Suzanne is a fellow of the American College of Trust and Estate Counsel and a member of the Chicago Bar Association, Chicago Estate Planning Council, American Bar Association, International Bar Association and the International Society of Trust and Estate Practitioners.

Susan H. Mallory

Susan H. Mallory

National Practice Executive, Banking
 
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Susan H. Mallory

Susan H. Mallory

National Practice Executive, Banking
 
Susan H. Mallory is the Banking Practice Executive for Wealth Management, Northern Trust. In her role, she is responsible for Wealth Management’s banking strategy, solutions, including credit and depository products and delivery to Northern Trust’s personal clients. The majority of Susan’s career has been spent as a Commercial Lender and Banker providing financing , banking, financial and strategic advice to privately-held companies and the owners of those companies, as well as real estate developers and investors. Susan continues to actively work with businesses as well as business owners and their families to help build, grow and transfer wealth.

She earned a Bachelor of Arts degree in History and a Master of Arts degree in Diplomacy and World Affairs from Occidental College, Los Angeles. Susan currently serves as a member of the Board of Trustees of both Occidental College and the University of San Diego and is on the boards of Children’s Hospital, Los Angeles, the Geffen Playhouse and the Trusteeship, an affiliate of the International Women’s Forum. She has served on numerous boards over the past twenty five years focused on education, the arts and culture, as well as, human rights and services and animal welfare. Susan is a member of The Pacific Council on International Policy, The Beverly Hills Literary Society, The California Club, The Northern Trust Open Legends Club, The Trusteeship, Women Corporate Directors, the Junior League of Los Angeles, as well as both ZLAC and San Diego Rowing Clubs. She is actively involved in animal welfare organizations and rescue.

Susan has been the recipient of a number of awards for community engagement and professional contributions, notably, the 2012 Ellen Browning Scripps Distinguished Alumni Award from The Bishop’s School, La Jolla, the 2013 Giving New Hope Award from the Children’s Burn Foundation, the YMCA’s Martin Luther King, Jr. Human Dignity Award for volunteerism, the Individual Athena Pinnacle Award and the Corporate Director’s Forum Director of the Year Award for non-profit board governance. Susan was also named one of San Diego’s 10 “Cool Women” by Girl Scouts.
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Asset Management

 
 
Stephen Potter

Stephen Potter

President, Asset Management
 
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Stephen Potter

Stephen Potter

President, Asset Management
 
Steve Potter is President of Northern Trust Asset Management. He is also Executive Vice President of Northern Trust and sits on the Corporation’s Management Group.

From 2001 until 2008, Steve was based in London and served as the Chief Executive Officer of Europe, Middle East and Africa overseeing all of Northern Trust's businesses in the region. He also served as Chairman and Chief Executive Officer of Northern Trust Global Services, Ltd. and Chairman of Northern Trust Global Investments, Ltd. He previously served in London as Segment Head of International and Global Fund Services.

Prior to moving to London, Steve served in Chicago as Managing Director of the Institutional Group within Northern Trust Asset Management. In this role he was responsible for global strategic planning, marketing, product development, client servicing and sales related to the institutional asset management business. Steve joined Northern Trust in 1982 and has 31 years of experience within the financial services industry.

Steve holds a B.A. in economics and history from Duke University and an MBA with concentrations in marketing and finance from the J. L. Kellogg Graduate School of Management at Northwestern University.

He is a member of the board and the executive committee of Rush University Medical Center. He also serves on the Duke University Trinity College Board of Visitors and the boards of the Solti Foundation, the CFA® Society of Chicago and the British American Business Council. He is a member of the Financial Services Roundtable, the London Capital Club, the Worshipful Company of International Bankers, the Economic Club of Chicago and the Chicago Commonwealth Club.
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.

 
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.

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.
 
Jason J Tyler

Jason J Tyler

Global Head, Client Solutions, Asset Management
 
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Jason J Tyler

Jason J Tyler

Global Head, Client Solutions, Asset Management
 
Jason Tyler is Global Head of the Client Solutions Group with oversight of institutional sales, client relationship management and advisory services, including the Outsourced Chief Investment Officer (OCIO) practice.

Previously, Jason was the Head of Corporate Strategy at Northern Trust. In this capacity, Jason was responsible for the coordination of strategic planning and merger and acquisition activity for the Company.

Jason joined Northern Trust from Ariel Investments, where he served as Senior Vice President and Director of Research Operations. Previously, he worked as First Vice President and Manager in Corporate Planning at Bank One/American National Bank in Chicago.

He earned an MBA from University of Chicago Booth School of Business and an A.B. from Princeton University. Jason is a member of the Economic Club of Chicago and is a board member and former Board Chairman of the Joffrey Ballet of Chicago and the Emergency Fund. Jason is a past contributor and guest market expert on Bloomberg TV, Bloomberg radio, ABC News, PBS, and Fox Business.
Shundrawn A. Thomas

Shundrawn A. Thomas

Head of Funds and Managed Accounts Group
 
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Shundrawn A. Thomas

Shundrawn A. Thomas

Head of Funds and Managed Accounts Group
 

Shundrawn A. Thomas serves as Executive Vice President, Head of Funds and Managed Accounts Group. He principally oversees the development, management and distribution of Northern Funds, Northern Institutional Funds and FlexShares Exchange Traded Funds as well as related business activities. His broad executive responsibilities involve developing long-term strategy, executing operating plans, managing client and vendor relationships and developing and retaining talented professionals.

Previously, Shundrawn served as President and Chief Executive of Northern Trust Securities, Inc., a wholly owned subsidiary of Northern Trust Corporation. In addition to his general management responsibilities, he was responsible for overseeing financial management and working with regulators including FINRA and the Securities and Exchange Commission. He also served as Head of Corporate Strategy for Northern Trust Corporation. As a direct report to the Chief Executive Officer, he supported executive management with key strategic planning initiatives. Prior to joining Northern Trust, Shundrawn served as a vice president for Goldman Sachs and held positions in sales, trading and research with Morgan Stanley.

Shundrawn received a B.S. degree in accounting from Florida A&M University and an MBA degree from the University of Chicago Booth School of Business. He has also completed executive education programs in corporate strategy at Chicago Booth School of Business and corporate governance at University of Notre Dame Mendoza School of Business. Shundrawn currently holds FINRA series 7, 63 and 24 securities licenses. Shundrawn currently serves as a trustee for Wheaton College and as a board director of the Florida A&M University Foundation. Shundrawn is a member of the Economic Club of Chicago. His civic involvement has afforded him the opportunity to speak and lecture nationally on topics including leadership, strategy, investment management and professional development.

Insights & Research

Helping you anticipate and address change.

 

Chairman & CEO Rick Waddell on Bloomberg TV – June 10, 2014

 
Rick Waddell on Bloomberg
Rick Waddell speaks about investment strategy, global markets and the U.S. economy with Tom Keene, Scarlet Fu, Adam Johnson and guest host Liz Ann Sonders of Charles Schwab Corp. on Bloomberg TV's "Surveillance.”
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Jim McDonald: 5-Year Outlook – Slow Growth Extends Economic Expansion

 
July 28, 2014 - Our latest 5-year outlook - for the global economy, monetary policy, and capital markets - includes three key themes to watch.
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Katie Nixon on CNBC's Power Lunch – Friday, July 18, 2014

 
Katie explains the importance of taking a step back to look at the fundamentals during times of geopolitical tension and market stress.
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Diagnosing Financial Instability - Carl Tannenbaum: The View from Here (July 2014)

 
Our Chief Economist discusses financial stability, if there are markets that look like they might be reaching unsustainable levels, steps central banks can take to reduce the threat to financial stability, and thoughts on how successful central banks may be in their efforts.
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Point of View
Investment insights, trend analysis and timely commentary from our investment experts.
 
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