Northern Trust Global Investments (“NTGI”) London has appointed Kevin Hardy as its new European director of transition management. He will be based in London with the remit to run NTGI’s existing transition management product and service offering to institutional clients, drive product development and continue to build the business strategically.
Hardy will report dually to Eoin Murray, NTGI’s head of quantitative management for Europe, who is based in London, and Jeff Blanchard, NTGI’s global head of transition management at Northern Trust’s headquarters in Chicago, USA.
Hardy comes to NTGI from State Street Global Advisors where he was latterly deputy head of the global structured products group. Before that, he was a fund manager at Legal & General Investment Management.
“We are delighted that Kevin, who has proven expertise and vast experience, is joining NTGI to run its dedicated transition management team in London,” says Eoin Murray, European head of quantitative management at NTGI . “Kevin’s appointment is a key initiative in NTGI’s strategy to grow its transition management products and services in Europe, and it builds upon the momentum following Northern Trust’s acquisition of Deutsche Bank’s global passive and enhanced indexing capabilities earlier this year.”
Barry Sagraves, CEO of NTGI London, added: “We see transition management as not only an essential investment solution forming part of NTGI’s suite of products, but also as a business area in its own right with a potential for significant growth. In addition, transition management sits perfectly with Northern Trust’s Global Custody business as an added value service providing significant cross selling opportunities.”