Northern Trust Names Duane Rocheleau To Head Liability Investing For Pension Fund Clients

Northern Trust has appointed Duane Rocheleau as head of the global Investment Solutions Team, initially focusing on the development of customized liability management solutions, including liability driven investment (LDI) strategies and related services for pension plans worldwide. As head of

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Northern Trust has appointed Duane Rocheleau as head of the global Investment Solutions Team, initially focusing on the development of customized liability management solutions, including liability-driven investment (LDI) strategies and related services for pension plans worldwide. As head of the newly established Investment Solutions Team, Rocheleau will leverage Northern Trust’s global technology platform and investment resources to help pensions assess and meet their long-term obligations to plan participants and beneficiaries. Rocheleau comes to the new position from Northern Trust’s Treasury Department, where for six years he has directed the bank’s investment portfolio, interest rate derivatives, foreign exchange hedging, and asset and liability management.

“The challenge facing pension plans today requires a solution that pulls together a range of capabilities, from asset and liability analysis to investment expertise to performance measurement and analysis, including liability benchmark creation,” says Rick Waddell, CEO of Northern Trust and president of Corporate & Institutional Services. “Northern Trust can provide the full spectrum of services, and Duane’s background in corporate treasury makes him particularly well-suited to lead this global, cross-enterprise effort on behalf of our pension clients.”

The global market environment, along with implemented and prospective accounting and regulatory changes in many countries, challenges plan sponsors’ ability to maintain adequate pension funding levels. Northern Trust’s range of solutions can combine short-duration cash and long-duration bond portfolios with an interest-rate swap overlay, beta exposure and alpha-generating strategies to boost returns for under-funded plans. In addition to those investment strategies, Northern Trust’s approach addresses the asset servicing requirements of clients seeking to implement and monitor their LDI strategies, through custody, fund administration and performance measurement and attribution expertise. Rocheleau reports to Northern Trust Global Investments President Terry Toth, and to Waddell.

“The Northern Trust way is to provide a consultative, solutions-driven approach to serving our clients,” says Toth. “Under Duane’s leadership, the Investment Solutions Team will reinforce this strategy by enabling us to even more effectively draw together expertise from across our organization, to the benefit of our clients.”

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