Dennis Anosike has joined Northern Trust's Corporate & Institutional Services business unit as a leader of the group serving US public pensions. Anosike comes to Northern Trust from the US Department of Commerce and is a former chief financial officer and treasurer of the Chicago Transit Authority.
"We are pleased to bring Dennis Anosike's knowledge and experience to our public pension fund clients," said Laurie Neu, group head for public entities and institutions at Northern Trust. "Public funds face many challenges, from low funding ratios to increasing regulation. As a former pension official, Dennis has broad experience in understanding the needs of this segment and knows how to bring the full range of Northern Trust's solutions to these clients."
At the US Department of Commerce, Anosike served as senior director of management and performance and as senior advisor to the department's CFO. Prior to his federal service, Anosike was president of United Investment Managers, Inc., a Chicago-based multi-manager investment firm. At the Chicago Transit Authority, Anosike was CFO and treasurer from 1998 to 2009. With the CTA he served as a trustee and chairman for the Employee Pension Plan and vice chairman of the Healthcare Trust Fund as well as the chair of CTA's 401(k) and 457 Employee Deferred Compensation Plans. He also served as budget director for the CTA, deputy budget director for the City of Chicago, director of finance for the Chicago Police Department and other Chicago budget positions from 1988 to 1998.
"During more than two decades in public funds and asset management, I have admired and respected Northern Trust's dedicated service to institutional clients," said Anosike. "I am delighted to join the Northern Trust team and look forward to working with some great people and a fantastic group of public funds clients."
