US/UK – Northern Trust Global Advisors, the groups’ multi-manager affiliate, has appointed Margaret Towle as chief investment officer (CIO) and Bill Huffman as chief operating officer (CEO), with both to be based in the US.

Towle most recently served as CIO at Puget Sound Asset Management, which she founded.
She specialised in the provision of non-traditional investments and was responsible for overall investment strategy, portfolio management and sub-advisor selection.

Huffman was previously director of quantitative product management at Northern Trust Global Investments in Chicago.

Tony Earnshaw, managing director, multi-manager products, London, comments: “ The strengthening of the multi-manager team will bring substantial expertise to our clients. We are looking forward to working with Margaret and Bill and gaining from their extensive expertise in this area of growing importance to the UK fund management arena.”