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Deals & People October 8, 2013
Northern Trust Expands DC Solutions Team
Wealth and asset management firm Northern Trust added two
positions within its defined contribution solutions practice dedicated to
expanding participant communications and asset services offerings.
Reported by John Manganaro
Carolyn Bracks joins Northern Trust as the new director of participant communications, and Thomas Lauer moved within the firm to be named defined contribution asset servicing consultant. The new positions, according to Bill Morrison, Northern Trust president and COO, will strengthen the firm’s ability to offer multifaceted investment and operational solutions to DC plan clients.
As director of participant communications, Bracks’ responsibilities include working with plan sponsors and employers to develop and deliver communication strategies that engage participants. Her earlier jobs include service as a consultant with Towers Watson and Mercer.
Lauer’s new duties include supporting the design, construction and ongoing servicing of DC plans. He will work with recordkeepers and other industry consultants to create customized and efficient plan solutions. Lauer has worked with Northern Trust for more than 20 years in a number of roles.