Northern Trust Asset Management Creates Asia-Pacific Based Team of Quantitative Specialists

Rhea-AI Summary

Northern Trust Asset Management has appointed Scott Bennett as head of quantitative investment solutions for the Asia-Pacific region, operating from Melbourne and Hong Kong. This new team of quantitative specialists aims to enhance the firm’s capabilities in quantitative and ESG solutions, responding to growing client demand. Bennett's experience includes significant roles at Northern Trust since 2018 and Russell Investments prior. Northern Trust manages US$1.3 trillion in investor assets, focusing on innovative, outcome-oriented strategies.

Positive

• Establishment of a local team of quantitative specialists to enhance service offerings.
• Increased demand for quantitative and ESG solutions indicates strong market potential.
• Scott Bennett's leadership could drive innovative strategies and client satisfaction.

Negative

• None.

Melbourne-based Scott Bennett Named to Lead Team

MELBOURNE, Australia & HONG KONG--(BUSINESS WIRE)-- Northern Trust Asset Management, one of the world’s leading investment managers, has created a team of quantitative specialists focused on Asia-Pacific, based in Melbourne and Hong Kong. Leading the newly created team, from Melbourne, is Scott Bennett who has been named as head of quantitative investment solutions, Asia-Pacific, and joins Northern Trust Asset Management’s Asia-Pacific executive group.

Scott Bennett has been appointed as head of quantitative investment solutions, Asia-Pacific, at Northern Trust Asset Management. (Photo: Business Wire)

“Throughout the pandemic, Northern Trust Asset Management has remained laser focused on supporting our clients' needs, and has seen expanded growth across the region, particularly in demand for our integrated quantitative and Environmental, Social and Governance (ESG) solutions,” said John McCareins, head of Northern Trust Asset Management in Asia-Pacific. “In creating our local based team of experts for quantitative investment solutions, we ensure we are well placed to continue to support our existing and new client demands.”

Bennett joined Northern Trust Asset Management in 2018 to take up the newly created role of head of quantitative research for Australia and New Zealand. Prior to joining the asset manager, he spent 14 years at global asset manager Russell Investments and has, during his career, worked in a range of roles in Australia and the United States.

“Our range of quantitative strategies is designed to support the unique requirements of our investors worldwide,” said Michael Hunstad, Ph.D. head of quantitative strategies at Northern Trust Asset Management. “Under Scott’s leadership, we are excited to expand our innovative solutions and our factor research and client solutions across Asia-Pacific, bringing our carefully constructed, outcome oriented quantitative capabilities to more clients.”

Northern Trust Asset Management is among the world’s largest investment managers. The firm helps investors navigate changing market environments, so they can confidently realize their long-term objectives. Its investment philosophy is rooted in the belief that investors should be compensated for the risks they take – in all market environments and any investment strategy.

By combining robust capital markets research, expert portfolio construction and comprehensive risk management, Northern Trust Asset Management is able to craft innovative and efficient solutions that deliver targeted investment outcomes. Its solutions and diverse insights are delivered to clients from its network of offices across the globe. Northern Trust Asset Management has four offices across Asia-Pacific, in Tokyo, Hong Kong, Singapore and Melbourne.

ENDS

About Northern Trust Asset Management

Northern Trust Asset Management is a global investment manager that helps investors navigate changing market environments, so they can confidently realize their long-term objectives. Entrusted with US$1.3 trillion of investor assets as of December 31, 2021, we understand that investing ultimately serves a greater purpose and believe investors should be compensated for the risks they take — in all market environments and any investment strategy. That’s why we combine robust capital markets research, expert portfolio construction and comprehensive risk management to craft innovative and efficient solutions that deliver targeted investment outcomes. As engaged contributors to our communities, we consider it a great privilege to serve our investors and our communities with integrity, respect, and transparency.

Northern Trust Asset Management is composed of Northern Trust Investments, Inc., Northern Trust Global Investments Limited, Northern Trust Fund Managers (Ireland) Limited, Northern Trust Global Investments Japan, K.K., NT Global Advisors, Inc., 50 South Capital Advisors, LLC, Belvedere Advisors LLC and investment personnel of The Northern Trust Company of Hong Kong Limited and The Northern Trust Company.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220308006072/en/

Camilla Greene

+44 (0) 207 982 2176

Cg81@ntrs.com

http://www.northerntrust.com

Source: Northern Trust Asset Management

FAQ

What role has Scott Bennett been appointed to at Northern Trust Asset Management?

Scott Bennett has been appointed as head of quantitative investment solutions for the Asia-Pacific region.

What is the primary focus of the newly created quantitative team at Northern Trust?

The quantitative team will focus on enhancing quantitative and ESG solutions for clients in the Asia-Pacific region.

How much in assets does Northern Trust Asset Management manage?

Northern Trust Asset Management manages US$1.3 trillion in investor assets.

When did Scott Bennett join Northern Trust Asset Management?

Scott Bennett joined Northern Trust Asset Management in 2018.

Where are Northern Trust Asset Management's offices located in the Asia-Pacific region?

Northern Trust Asset Management has offices in Tokyo, Hong Kong, Singapore, and Melbourne.