GLOBAL - Northern Trust has honed its focus on customised liability management solutions with the appointment of Duane Rocheleau as head of the newly established global investment solutions team.
Rocheleau, previously at Northern Trust’s treasury department, will initially focus on customised solutions including liability driven investment strategies and related services for pension plans world wide.
At the treasury department, he directed the bank’s investment portfolio, interest rate derivatives, foreign exchange hedging and asset liability management.
In his new position, he will leverage the firm’s global technology platform and investment resources to help pension plans assess and meet their long term obligations.
The range of solutions combines short duration cash and long duration bond portfolios with an interest rate swap overlay, beta exposure and alpha-generating strategies.
“The challenge facing pension plans today requires a solution that pull together a range of capabilities, from asset and liability analysis to investment expertise to performance measurement and analysis, including liability benchmark creation,” said Rick Waddell, chief operating officer of Northern Trust and president of corporate and institutional services.
Rocheleau reports to Northern Trust Global Investments president Terry Toth, and to Waddell.
By Kristen Paech
The registration deadline for the Workplace Savings & Benefits Awards 2019 is today.
This week's top stories were the DWP giving the green light to CDC and TPR granting extensions for 11 master trust authorisation applications.
Susan Martin says building strong foundations for business are the only way forward as the pensions industry is radically shaken up
The Pensions Regulator (TPR) has granted Now Pensions a six-week extension for its master trust authorisation application after the 31 March deadline, PP can reveal.