Northern Trust Announces Head of Consultant Relations

David McPhillips has been named director of Consultant Relations for Northern Trust's Corporate & Institutional Services business unit in North America.

In this role, McPhillips will work closely with client service, sales, product development, and operations teams to manage the asset servicing unit’s interaction with North American consultants.

According to an announcement, McPhillips comes to the consultant relations position from the Transition Management team at Northern Trust Global Investments (NTGI), the asset management arm of Northern Trust. He is based in Chicago and reports to Jon Dunham, director of North America Asset Servicing Sales.

McPhillips began his career at Northern Trust as a regional manager for the Investment Management Liaison Group, where he helped investment management firms resolve domestic and international trade issues and was responsible for daily cash management of multiple currencies for international portfolios, among other issues. Prior to Northern Trust, McPhillips held analyst, relationship manager and client service positions at Mellon Financial Corporation and Bank of Ireland Securities Services.

Brooks Joins DWS Investments

DWS Investments, the U.S. retail unit of Deutsche Bank’s global Asset Management division, has announced the appointment of Scott Brooks as a director responsible for Third Party Insurance National Accounts.

Brooks will be responsible for managing client relationships with insurance companies and sub-advised mutual fund firms, according to an announcement. He will be based in New York reporting to Michael Woods, a managing director and U.S. head of distribution for DWS Investments Distributors, Inc.      

Brooks joins DWS Investments from JPMorgan Asset Management where, as a vice president, he helped the Funds Management and Global Real Asset divisions build their defined contribution investment-only (DCIO) distribution platforms. Prior to JPMorgan, Brooks served as a director and led the DCIO business for Managers Investment Group.

He also spent more than 16 years at OppenheimerFunds, where he founded and led the firm’s DCIO business team, according to the announcement.

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