Northern Trust Asset Management appoints new global funds chief

investmentnews.com:

Northern Trust Asset Management has appointed a new head of global ETFs and funds, part of its business that has around $230 billion in assets under administration.

David Abner is joining the firm from Gemini Crypto Exchange where he was global head of business development, and his experience also includes various leadership roles during more than a decade with WisdomTree Asset Management, including as CEO of its European business. He was also with BNP Paribas and Bear Steans & Co.

At NTAM, Abner will oversee mutual fund and ETF product strategy, research and development, product management, and capital markets, as well as fund services oversight and treasury functions, reporting to global head of product Paula Kar.

“David is a visionary leader in the ETF industry. As NTAM advances its mutual fund and ETF strategy, we are confident that David’s expertise in building new businesses will allow us to provide our clients with innovative and improved solutions to all of their investment needs,” Kar said.

NTAM president Daniel Gamba added that the firm’s mutual funds and ETFs are “designed to provide best-in-class investment solutions for our clients, leveraging our decades of experience and a deliberate development process. As we innovate and continue to build our suite of funds, David’s proven leadership and deep expertise will help drive NTAM’s continued growth in this key area of our business.”