MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, May 3, 2022 Who Will Take Over This $1.3T-AUM Firm? The chief of a $1.3-trillion-AUM (as of December 31) asset manager is preparing to say goodbye after 18 years with the company.
Thomas did not immediately return a call for comment. The Northern Trust team hints that Thomas will be co-founding a startup "that will provide debt and equity solutions to privately held U.S. companies." O'Grady offers no hint as to who will lead asset management next. Meanwhile, he lauds Thomas for "his exceptional contributions" to Northern Trust and for being "a tireless champion for diversity, equity and inclusion — both at Northern Trust and in the asset management industry." "Shundrawn led with clarity, empathy and purpose and served as an example to us all," O'Grady states. "He not only embodied our enduring principles of service, expertise and integrity; he also courageously challenged and guided us to evolve how we live our principles in more inclusive and equitable ways." Thomas joined Northern Trust back in 2004 and served in several leadership roles before taking over Northern Trust Asset Management's ETF business in 2010. He extended his reach to managed accounts and funds in 2014, and in 2017 he took over all of Northern Trust Asset Management. Before joining Northern Trust, Thomas worked in Goldman Sachs' equities division and as a fixed income analyst in Morgan Stanley. He is an alumnus of the University of Chicago's Booth School of Business and of Florida Agricultural and Mechanical University. Printed from: MFWire.com/story.asp?s=64337 Copyright 2022, InvestmentWires, Inc. All Rights Reserved |
