Northern Trust announced has expanded the Tax Advantaged Equity portfolio management team at Northern Trust Global Investments (NTGI) in Chicago.
Portfolio managers Michael Liao and Peter Zymali will be responsible for the implementation of several quantitative equity strategies specializing in tax advantaged investments.
“As demand for tax advantaged strategies continues to grow, Michael and Peter will strengthen our existing team and enhance our product capabilities. Their skill sets and experience, combined with the continued growth of Tax Advantaged Equity, are a perfect match for the timing and direction of this business.” says Jeremy Baskin, global head of Quantative Active Strategies, NTGI.
NTGI’s Tax Advantaged Equity represents over $12 billion in assets under management across 20 different standard benchmarks, numerous custom mandates, and seven different marketed composites. It has had 45% annual growth over the last four years coming from both private wealth and institutional markets.
Liao joins Northern Trust from World Asset Management, a subsidiary of Comerica Bank, where he was a portfolio manager and quantitative analyst. A Chartered Financial Analyst (CFA), he earned a B.S. from Nankai University in Tianjin, China, an M.S. in Computer Engineering from Wayne State University, and an M.B.A. from the University of Michigan. Liao replaces Jake Weaver who recently moved to Northern Trust’s International Index group based in London.
Zymali comes joins from Northern Trust’s Investment Consulting Services division within the Wealth Management Group where he served as a consultant. He received a B.S. degree in Finance from the University of Arizona and is a Certified Financial Planner or CFP practitioner. Zymali’s is a new position.