Northern Trust has expanded its defined contribution (DC) team with three new positions across investment product management, third party distribution and recordkeeper relationship management at Northern Trust Global Investments (NTGI).
“Northern Trust has long offered an array of investment solutions to support the needs of DC plan sponsors. Last year we launched the Northern Trust Focus Funds, our target date collective funds solution. This has prompted increased interest for many of our existing index and active investment strategies. These new positions emphasize NTGIs strategic focus on comprehensive investment solutions for the DC marketplace. We plan further client servicing and product enhancements including plan sponsor fiduciary and participant education initiatives,” says John Krieg, CFA, director of investment product management at NTGI.
James Danaher, with 15 years of DC consulting experience, has joined NTGI from Aon Investment Consulting. Danaher will focus on developing and marketing products for DC retirement plans. At Aon, Danaher participated in investment policy creation, fund performance evaluation and custom lifecycle development as an investment consultant.
Brian Bursua has assumed the new position of account manager for third-party DC relationships. As NTGI prioritises distribution in the DC segment, Bursua will coordinate relationships with key recordkeepers and administrators to increase product breadth and develop new business. In his previous role at Northern Trust, he was a member of the advisor consulting group, focused on cultivating relationships with financial advisors in the third party broker/dealer segment.
John LaBelle joins NTGI as a DC client solutions strategist. He is responsible for recordkeeper platform coordination including facilitating client recordkeeper migrations. LaBelle began his career with Northern Trusts custody group as a recordkeeper relationship consultant and most recently was a product consultant within the daily valuation servicing group. Before joining Northern Trust, LaBelle was an Operations Analyst with ADP Retirement Services and an Investments Associate with BISYS Plan Services.