Milwaukee Public Museum hired Northern Trust to provide investment management services for its $10 million pension fund and $6 million endowment, said Ryan O'Desky, senior vice president of operations and finance, in an email.
Northern Trust, whose foundation and institutional advisers practice will be providing investment management, along with credit and treasury management services for the museum, replaces CIBC, formerly The Private Bank.
Mr. O'Desky would not provide further information on the change. In an earlier Northern Trust news release, Mr. O'Desky said after conducting a search for a firm to provide the services, Northern Trust "rose to the top because of its past performance in helping non-profits advance their mission, and also because of the expertise they bring in making sure our mission remains vital and viable for generations to come."
