Northern Trust announces ETF veteran as latest hire
Northern Trust Asset Management (NTAM) has appointed David Abner as its new head of global ETFs and funds.
In the role, he will be tasked with overseeing the firm’s mutual fund and ETF product strategy, alongside capital markets. He will also have oversight of NTAM’s fund services and treasury functions.
Abner joins the investment manager as a “recognised industry leader”, according to NTAM, most recently serving as the global head of business development at Gemini Crypto Exchange.
Before this, Abner spent more than a decade with WisdomTree Asset Management across a number of leadership roles, including as CEO of WisdomTree Europe and as product strategist on digital assets and ETFs.
Earlier in his career, he also held leadership positions in ETFs at BNP Paribas and Bear Stearns & Co.
NTAM global head of product Paula Kar, who Abner will be reporting to, described him as a “visionary leader in the ETF industry”.
“As NTAM advances its mutual fund and ETF strategy, we are confident that David’s expertise in building new businesses will allow us to provide our clients with innovative and improved solutions to all of their investment needs,” Kar said.
According to the firm, it had some $230 billion in assets under management in US mutual funds and global ETFs as at 31 March. As such, NTAM underscored the importance of its mutual fund and ETF product strategy being able to anticipate and meet the investment needs of all clients.
“NTAM’s mutual funds and ETF are designed to provide best-in-class investment solutions for our clients, leveraging our decades of experience and a deliberate development process,” NTAM president Daniel Gamba said.
“As we innovate and continue to build our suite of funds, David’s proven leadership and deep expertise will help drive NTAM’s continued growth in this key area of our business,” Gamba concluded.
AUTHOR
Jessica Penny
Recommended for you
Some 42 per cent of CEOs say they are actively reinventing their business to stay relevant in the next decade, with consumer services the most common choice for asset and wealth managers.
Former Ophir Asset Management chief executive, George Chirakis, has joined private equity manager Scarcity Partners, while the asset manager has appointed a replacement from Macquarie.
Australian Unity has appointed a fund manager for its Healthcare Property Trust, joining from Centuria Healthcare, as it restructures the product with a series of senior appointments.
Financial advisers nervous about the liquidity of private markets funds for their retail clients are the target of fund managers launching semi-liquid products which offer greater flexibility and redemptions.
