Northern Trust announces new appointments
Northern Trust has promoted Brad Dorchinecz to director of private equity as part of a raft of major appointments intended to strengthen its alternative investments business.
Dorchinecz, who has been withthe company for close to 11 years, will oversee the private equity investment for the Northern Trust Alternatives Group, which was formed in October last year. The PE program includes a series of funds-of-funds and customizable multiple-manager portfolios.
In addition, Anthony Zanolla has been named head of portfolio management, where he will take responsibility for portfolio construction and management within the group.
Robert Morgan, managing director of the Northern Trust Alternatives Group who was previously the director of private equity, said the new position will strengthen Northern Trust Alternatives Group to create more custom programs for their clients.
"We see significant interest in the alternative investments space, and the Northern Trust Alternatives Group is growing in order to meet client demand for innovative investment solutions," Morgan says in a statement.
Northern Trust, the Chicago-based financial company, had assets under investment management of $662.9 billion as of the end of last year. Its affiliate Northern Trust Alternatives Group has approximately $3.5 billion under management or advisory.
More on People
Latest News
Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.