Peron has 23 years of industry experience, including oversight of investment professionals managing $407bn in active and index strategies for Northern Trust clients worldwide.
Peron was formerly managing director, active equity, and has also been a senior portfolio manager and director of equity research since joining Northern Trust in 2005.
Prior to Northern Trust, he held senior risk management and quantitative analyst roles at Alliance Capital, Bank One and Lincoln Capital Management.
“Under Peron’s strong leadership, we are positioned to focus on a strategy that employs the full spectrum of quantitative equity investing – from index replication and alternative index management to factor-driven engineered solutions," said Stephen Potter, president of Northern Trust Asset Management.
Nick Dymond, who currently manages international equity index portfolio management team in London, will expand his role to lead the firm’s portfolio management teams in Chicago, London, Hong Kong, and Tokyo to ensure consistent practices globally, the asset management company said.
As of 30 September, Northern Trust had assets under investment management of $846bn.