Northern Trust Names Eric Freedman as Chief Investment Officer for Wealth Management

In a key leadership move, Northern Trust appoints Eric Freedman as Chief Investment Officer for its Wealth Management business, entrusting him with oversight of more than 200 portfolio managers nationwide and the evolution of the firm’s investment platform.

Eric Freedman succeeds Katie Nixon, who had served as CIO since 2012 and is now shifting to lead Northern Trust’s high-growth Northeast Region.

Veteran Leadership for a Dynamic Wealth Business

With over two decades of experience in global asset allocation, institutional portfolio management, and leading high-performing investment teams, Freedman brings deep sector knowledge and leadership acumen to his new role. Prior to joining Northern Trust, he served as CIO at U.S. Bank’s Asset Management Group and held senior positions at top-tier firms including Goldman Sachs.

He holds a bachelor’s degree from Colgate University and an MBA from The Wharton School, University of Pennsylvania credentials that mirror the sophistication expected from a firm managing nearly US$ 493 billion in client assets as of September 2025.

What This Means for Northern Trust’s Strategy

With investor uncertainty growing and financial markets becoming increasingly complex, Northern Trust’s leadership sees Freedman’s arrival as a timely reinforcement. The firm expects his appointment to bolster its investment offerings and ensure consistent, quality service for private clients navigating evolving market conditions.

At the same time, the shift reflects a broader strategic repositioning: by placing a seasoned investment veteran at the top of its wealth-management investment practice, Northern Trust signals its commitment to strong asset-management governance and long-term client trust.

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