Northern Trust announces leadership changes
Northern Trust announced that Stephen N. Potter, President of Northern Trust Asset Management, will be appointed as Vice Chairman with responsibilities including oversight of key strategic initiatives and the development of select clients and prospects around the globe. Succeeding Potter as the President of Asset Management is Shundrawn A. Thomas, currently Head of Funds and Managed Accounts Group. Both changes are effective October 1. Thomas currently oversees the development, management and distribution of Northern Funds, Northern Institutional Funds and FlexShares Exchange Traded Funds as well as related business activities. Previously, Thomas served as President and Chief Executive of Northern Trust Securities and Head of Corporate Strategy for Northern Trust Corporation.