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TheStreet Open House

Defined Contribution Service Team Grows At Northern Trust

Stocks in this article: NTRS

Experienced retirement plan professionals have been named to two new positions in Northern Trust's Defined Contribution Solutions practice. Carolyn Bracks has joined as Director of Participant Communications and 22-year Northern Trust veteran Thomas Lauer has been named Defined Contribution Asset Servicing Consultant.

"These new positions strengthen our ability to offer multi-faceted investment and operational solutions for our growing base of defined contribution plan clients," said Bill Morrison, President and Chief Operating Officer of Northern Trust. "Carolyn and Tom bring extraordinary depth of experience to their roles, and their expertise will be valuable to plan sponsors in designing and implementing programs that lead to successful retirement outcomes.”

As Director of Participant Communications, Bracks will work with plan sponsors and employers to develop and deliver communication strategies that engage, educate and empower plan participants. Carolyn previously worked as a consultant with Towers Watson and Mercer in Chicago and Sydney, Australia. She focused on research, strategy development and communications to drive employee engagement at many large public and private corporations across the globe. She holds a Bachelor of Arts with honors from the University of Sydney, Australia, with majors in linguistics and education. She is a member of the International Association of Business Communicators and has won several awards for employee communication work.

Lauer’s new position will leverage his expertise in the design, construction and servicing of defined contribution plans as an operations consultant at Northern Trust and as a plan administrator for a large corporation in Chicago. In his role as Defined Contribution Asset Servicing Consultant, Lauer will work with plan sponsors, recordkeepers and industry consultants to create customized and efficient solutions by combining Northern Trust's asset services with best-of-breed recordkeeping and investment options.

"We are excited by the growth of our team and the value that Tom and Carolyn can bring to clients," said Jim Danaher, managing director of Defined Contribution Solutions at Northern Trust. "Carolyn Bracks is passionate about helping employees make the most of their employer-sponsored retirement plans, and Tom Lauer enjoys partnering with plan sponsors to deliver effective and efficient retirement plans. Their contributions will be important to the success of Northern Trust and our clients as we continue to grow in this market.”

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