Northern Trust Investment Unit Makes Hires in Investor Relations
Northern Trust Corp.'s investment division has made three hires in its investor relations department.Northern Trust Global Investments, a division of the Chicago company, said Tuesday that it hired Henry Rose as a senior taxable high-yield analyst, Kristine Ford as a relationship consultant covering public funds and union clients, and Jeremy Baskin as a relationship consultant covering large corporate Chicago clients.
Stephen Timbers, president of the division, said it has added $63 billion of assets under management in the past 12 months, including $24 billion in the first quarter. The unit now manages $324 billion.
Mr. Rose was previously a mutual fund analyst and account manager covering high-yield and investment-grade debt for Stein Roe & Farnham.
Ms. Ford was a fund consultant at Chicago's William M. Mercer Investment Consulting Inc., and Mr. Baskin was a vice president at First Union in Charlotte, N.C., where he helped create the equity derivatives group.
- Matt Ackermann
Aegon USA/Transamerica Starts An Investment Management Shop
Aegon USA/Transamerica of Los Angeles has started a new investment management company, Transamerica Investment Management LLC.The unit is a successor to Transamerica Investment Services Inc., a subsidiary of the old Transamerica Corp., said Gary Rolle, president and chief investment officer. Aegon bought Transamerica last year.
Aegon owns 80% of Transamerica Investment Management. The unit's portfolio managers and key executives own the rest.
Transamerica Investment Management manages about $12 billion of assets in mutual funds, separate accounts, institutional accounts, pension funds, variable annuity, and variable life insurance products. About $35 billion of policyholder assets were transferred to Aegon in the reorganization, Mr. Rolle said.
- Cheryl Winokur
LaSalle Broker Services Division Enters West Coast with L.A. Office
LaSalle Bank's broker-dealer services division made its first move to the West on Monday, opening an office in Los Angeles.The Chicago company's broker services division, based in Boca Raton, Fla., has 600 locations nationally. Patrick Kelly, La Salle's senior vice president of broker-dealer services, said the company needed a physical presence in California to be viable on the West Coast.
Mr. Kelly said LaSalle, which has $44 billion of assets, also considered opening an office in San Francisco. Its parent company, ABN Amro, is already in San Francisco.
- Matt Ackermann
Credit Suisse Hires Robertson, Weisel Technology Bankers
PALO ALTO, Calif. - Credit Suisse First Boston said Thursday that it had hired two technology investment bankers from competing firms.Ben Bisconti, formerly managing director in charge of communications infrastructure investment banking at FleetBoston Financial Corp.'s Robertson Stephens unit, will be head of Credit Suisse's communications equipment corporate finance group.
The firm also hired Nick Baughan as a director in technology services investment banking, in charge of its data services and IT services clients. He was a vice president in the technology group at Thomas Weisel Partners.
Mr. Bisconti and Mr. Baughan are based in Palo Alto.
- Laura Mandaro