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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 at The Northern Trust Company, Chicago, where he serves as Chief Fiduciary Officer and National Director of Trust Services. In this capacity he is responsible for Northern Trust’s fiduciary and philanthropic services to private clients nationally.

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.

Hugh 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 lectures for the Illinois Institute for Continuing Legal Education, many Bar Associations, and Northern Trust on estate and charitable planning, trust administration, and fiduciary risk management. He serves on the Boards of the Creator Arts Center, the Block Museum of Art, and several foundations. He is a member of the Site Council for the Gaylord Building of the National Trust for Historic Preservation and a Scoutmaster with the Boy Scouts of America. He and his wife reside in Winnetka, Illinois with their three children.

 
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 Director of Wealth Planning and Tax Strategy for Wealth Management at Northern Trust. In this capacity, she is responsible for leading the Wealth Mangement wealth planning group and for providing thought leadership on federal tax issues of interest to clients, with a special emphasis on tax policy and legislation, charitable giving, cross-border trust design and fiduciary law.

Prior to joining Northern Trust, Ms. Shier spent 26 years as a partner at Chapman and Cutler LLP in Chicago, ultimately leading the firm’s Trusts and Estates Practice Group, representing individuals, charitable organizations, and corporate fiduciaries in a full range of estate planning and fiduciary services, including cross-border planning, and fiduciary administration matters.

Ms. Shier 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.

Ms. Shier 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 Chicago civic community, Ms. Shier is actively involved in many women’s, diversity and education initiatives, including serving on the Boards of Directors of Gads Hill Center and the Chicago Coalition of Women’s Initiatives in Law and as Chairperson of the Board of Directors of Chicago Scholars, a college access program for high potential urban students.

Ms. Shier is a fellow of the American College of Trust and Estate Counsel where she is a member of the International Committee and a member of the International Bar Association, the Society of Trust and Estate Practitioners, the American Bar Association and the Chicago Estate Planning Council.

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.
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.
 
Andrew S.C. Smith, CFA, CAIA

Andrew S.C. Smith, CFA, CAIA

CIO, Managing Executive, Asset Management, Canada
 
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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.

Alan W. Robertson

Alan W. Robertson

Global Head of Client Solutions, Asset Management
 
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Alan W. Robertson

Alan W. Robertson

Global Head of Client Solutions, Asset Management
 

Alan W. Robertson is an Executive Vice President and Global Head of Client Solutions for Northern Trust Asset Management.

Most recently, Alan was President and Chief Executive Officer of Multi-Manager Solutions. He was formerly Group Head of Wealth Advisory in Northern Trust’s Wealth Management division and prior to that, Managing Director of Northern Trust Product Management.

Alan received a B.A. with honors in international relations from Eisenhower College and an MBA from The Darden Graduate School of Business at the University of Virginia.

 
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.

Insights & Research

Helping you anticipate and address change.

 

The Economic Hit from Bad Weather Waning in Q3 - Carl Tannenbaum: The View from Here (March 2014)

 

Northern Trust’s chief economist discusses the effect of the weather on the economy.

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Andrew Smith: What Happened to the Great Rotation? – April 14, 2014

 
The “great rotation” predicted an end to the decades-long bond bull market – three years ago. Yet, demand remains strong. What did the pundits miss?
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Point of View
New look, new features - same great Point of View. Insights from Northern Trust and industry experts.
 
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