Founded in Chicago in 1889, Northern Trust has expanded from providing wealth solutions to include asset servicing, asset management and banking to investors worldwide.

It now has assets under management of USD $1.3 trillion and assets under custody of USD $13.7 trillion (as of 30/06/22)

In this episode, we welcome Marie Dzanis, born and brought up in the US, now in the UK, who explains Northern Trust’s evolution from fiduciary and custodian to a significant global investment manager.

She explains their move into specialized ETFs under their ‘FlexShares’ brand, and their specific approach to ESG and sustainable investing (they have the largest ESG mutual fund in Europe). She also discusses their private equity ETF as well as their quant-active approach.

Marie continues by discussing the challenge of increasing the female representation in the investment world, her rules for hiring, the changing shape of investment management and finally why Sir Ernest Shackleton is her hero.

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The Money Maze Podcast is kindly sponsored by Schroders,  Bremont Watches, LiveTrade and Mintus.