Northern Trust has named Robert Morgan to head its new alternatives group. The unit will manage all alternative investment products, including hedge and private equity funds of funds, for institutional and personal clients. Morgan was previously the director of private equity for Northern Trust.
"Alternative investment products have experienced substantial growth at Northern Trust in recent years, and this new group is a clear sign of our commitment to innovation and client service in this area," says Stephen Potter, president of Northern Trust global investments. "Under Bob Morgan, the Northern Trust Alternatives Group will be a center of expertise for alternative investment solutions and products, allowing us to capitalize on the strong demand for these capabilities from our wide range of qualified investor clients."
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