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Investment Management veteran joins Northern Trust Asset Management to lead funds and managed accounts

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Northern Trust Asset Management has named Darek Wojnar, CFA, a 23-year investment industry veteran, as head of funds and managed accounts.

Wojnar will oversee the development, distribution and management of the firm’s Northern mutual funds, FlexShares exchange-traded funds (ETFs), and managed accounts. He will be based in Chicago, reporting to Shundrawn Thomas (pictured), president of Northern Trust Asset Management, whom he succeeds in this role.
 
Northern Trust Asset Management has USD192.3 billion in assets under management across its funds and managed accounts business in single-, multi-asset and outcome-based strategies, as of September 30, 2017. Its USD15 billion FlexShares ETF family is one of the fastest growing sponsors in the ETF industry.
 
“Darek is a perfect fit for us, as he has demonstrated strong leadership throughout his career at highly respected fund leaders,” says Thomas. “He’s established a formidable track record of building and strengthening products for investors. And he’s done so while employing an analytical, principled approach to portfolio construction and product innovation. We look forward to working with him to ensure the Northern Trust Asset Management brand remains synonymous with innovativeness, thus keeping us well-positioned to meet professional and individual investors’ evolving needs.”
 
Wojnar most recently served as the head of ETFs at Hartford Funds. Previously, he was the managing director and head of single asset strategies at Lattice Strategies LLC, which was acquired by Hartford Funds. Prior to joining Lattice Strategies in 2014, Wojnar held various senior positions in the ETF industry, including head of the U.S. iShares product roster at BlackRock and head of ETF product development at UBS Global Asset Management.
 
“The pace of change in our industry is accelerating and requires asset management firms to have sound direction and vision from the top,” Thomas added. “Northern Trust Asset Management is recognised for being a pioneer, as evidenced by its 20-plus year history in factor investing. We are equally respected for understanding what will resonate with advisors and investors. This is evident in our current offerings, such as our FlexShares roster of 25 ETFs, all of which are focused on meeting investment goals, rather than filling investment style boxes.”
 
“I am delighted to join Northern Trust Asset Management at such an exciting time in the industry,” says Wojnar. “Investors, and the professionals who advise them, are more selective than ever. They’re looking for firms that are truly committed to and have a reputation for putting the interests of clients first. And they’re absolutely focused on achieving better outcomes as they demand a thoughtful, nuanced investment approach. This is exactly the reputation that Northern Trust Asset Management has earned in serving the world’s most sophisticated institutional and individual investors for decades.”
 

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