Northern Trust Asset Management Names Macro Head

Northern Trust Asset Management (NTAM) has announced that Antulio Bomfim has been hired as head of global macro, a newly created position within the firm’s global fixed income group.

The expansion of NTAM’s global fixed income team, responsible for $470 billion in fixed income assets under management, is designed to enhance capabilities as the team serves the evolving needs of fixed income investors worldwide, the firm adds.

Bomfim joins NTAM with nearly 30 years of experience spanning roles within investment management and the Federal Reserve Board System. Most recently, he served as special adviser to the US Federal Reserve Board as well as special adviser to Fed chairman Jerome Powell.

Previously, Bomfim was with Macroeconomic Advisers as a senior managing director, co-head of monetary policy insights. Prior to that, he served as a portfolio manager and co-head of interest rate strategy for OFI Institutional Asset Management, a division of Oppenheimer Funds.

NTAM says Bomfim brings deep practical and theoretical knowledge of the economy and financial markets. His fields of research include asset pricing, monetary policy, macroeconomics, investments and financial markets.

In his new role, Bomfim has overall oversight responsibility for the global macro group, which is responsible for interest rate strategy, systematic volatility, liquidity, and monitoring systemic risk globally. He is also responsible for the firm’s global liquidity management business. He reports to chief investment officer of global fixed income Thomas Swaney.

“Within the global fixed income team, our fundamental tenet that investors should be compensated for the risk they take manifests itself in our management of four key risks – interest rate, volatility, prepayment and credit,” says Swaney. “Antulio’s expertise is well-suited to leading our multi-disciplined global macro fixed income team.”