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). 

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.   

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.