A Rydex veteran just joined Northern Trust's FlexShares [profile] unit in a business development role.

MFWire has learned that Steve DiGiovine started this month with Chicago-based Northern Trust as a vice president and business development executive. DiGiovine most recently served as an ETF specialist at Guggenheim Investments [profile].

MFWire could not immediately reach a Northern Trust spokesman or DiGiovine himself for comment. A spokesman for Guggenheim declined to comment on DiGiovine's departure or on how DiGiovine's duties are being handled.

A former financial advisor, DiGiovine joined Rydex (now part of Guggenheim) six years ago as a wholesaler, before moving into the ETF specialist role in 2012. He is based in the Chicago area. 

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