SWFI First Read, July 18, 2017
Northern Trust Names Potter to Vice Chairman, Shundrawn A. Thomas to Lead NTAM
Northern Trust Corporation moved Stephen N. Potter, President of Northern Trust Asset Management, to become vice chairman. Taking over as President of Northern Trust Asset Management is Shundrawn A. Thomas. Shundrawn A. Thomas is currently Head of Funds and Managed Accounts Group at Northern Trust Asset Management. Both changes are effective October 1, 2017. Prior to joining Northern Trust, Thomas served as a vice president for Goldman Sachs and held positions in sales, trading and research with Morgan Stanley.
EFG Hermes Acquires 50% Stake in Frontier Investment Management
EFG Hermes Holding S.A.E, through its unit EFG Hermes UAE Limited, acquired a 50% ownership stake in Frontier Investment Management, an asset manager with US$ 1.6 billion in assets under management, for 79 million AED (US$ 21.5 million). The other 50% stake in Frontier Investment Management was retained by the firm’s founder. EFG Hermes UAE Limited was advised by law firm Shearman & Sterling.
AP Pension Participates in Copenhagen Infrastructure Partners III
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