Northern Trust Asset Management has added Peter Schenck for the new role of senior liquidity specialist.
Schenck, who has 26 of years experience with investment management, will focus on creating customized investment solutions for large clients.
“As one of the world’s largest cash managers, Northern Trust offers a wide range of efficient and innovative liquidity solutions,” Jason Tyler, executive vice president at Northern Trust Asset Management, said. “The foundation of our success has been the ability to understand and serve the unique cash management needs of various types of institutional investors. Pete’s fixed income experience and track record of enhancing client relationships makes him perfectly suited to help us deliver compelling and thoughtfully constructed liquidity solutions for our clients.”
Schenck most recently worked for BlackRock as a director in the cash management group, working with institutional investors. He also worked at Banc One Capital Markets in international fixed income sales. He earned his bachelor of science from Villanova University and his M.B.A. from Fordham University.
Northern Trust has $240 billion in assets under management in a range of short-duration fixed income strategies for its investors.