James D. McDonald was named chief investment strategist at Northern Trust Co., confirmed spokesman Doug Holt.
The position is new.
Mr. McDonald, who was director of equity research, will report to CIO Robert P. Browne.
Mr. McDonald will continue to be a trustee of the NT Alpha Strategies Fund and will serve on Northern Trust committees for investment policy, private equity investment and tactical asset allocation.
Mr. Holt said an announcement of a new equity research director would be made in the near future.