Deals & People August 23, 2010

Northern Trust New Hire to Increase Exposure to Public Funds Market

Northern Trust announced that Luke Howe has joined the Client Solutions Group at its asset management arm, Northern Trust Global Investments (NTGI). 

Reported by

Howe will be responsible for marketing investment products to public pension funds in the Midwest and Western states.  A 32-year member of the International Brotherhood of Electrical Workers, Howe joined Northern Trust from the Park Employees Annuity and Benefit Fund of Chicago. 

According to the announcement, for the last 12 years, Howe has been a member of the Park Employees Annuity and Benefit Fund Board of Trustees, serving as chairman of the Investment Committee and president of the board. In 2007, he was named executive director of the fund, where he oversaw the $600 million pension fund for more than 6,000 active and retired employees of the Chicago Park District.   

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In that role, Howe hired a new investment consultant firm for the fund, completed an asset allocation study and oversaw investments in hedge funds, private equity and other strategies to better position the fund’s portfolio to meet its pension obligations in the current and long-term market environment. 

Deals & People August 23, 2010

Chatham Partners Announces Director of Multi-Client Research

Chatham Partners announced that Luis Fleites has joined the firm as Vice President and Director of Multi-Client Research. 

Reported by

In this role, Fleiteswill generate market research studies on topics of interest to institutional investment and retirement services managers.    

According to the announcement, prior to joining Chatham Partners, Fleites was Vice President and Director of Retirement Markets at Financial Research Corporation, where he worked with financial services firms to develop and implement retirement services, products, and marketing strategies.  He also spent several years at Cerulli Associates, where he worked closely with Chatham CEO, Peter Starr.    

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Fleiteshas authored or co-authored more than a dozen industry studies focusing on topics such as defined contribution investment only (DCIO) distribution, retirement income approaches, and the IRA rollover market.    

Chatham Partners provides customized market research and strategy consulting services.  

More information is at http://www.chathampartners.net. 

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