Northern Trust Appoints Head of ETF Capital Markets for FlexShares

December 4, 2017

Media Contacts:

Tom Pinto

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CHICAGO -- Northern Trust announced the appointment of Dan Madden as Head of ETF Capital Markets for FlexShares.

In this role, Madden will lead efforts to optimize FlexShares’ integration into the ETF capital-markets ecosystem. He will also lend his expertise in support of FlexShares’ growing base of clients. Madden will be based in Chicago and report to Peter Ewing, Head of Product Management for Northern Trust’s ETFs and Mutual Funds.

“Dan brings with him nearly two decades of front-line ETF trading and market experience, which he gained while designing and managing critical-path trade functions at several leading ETF trading desks,” said Ewing. “The depth and range of his expertise across product segments will benefit our whole ETF program as we continue to take market share. We’re thrilled to have him join the team and look forward to leveraging his expertise for the benefit of FlexShares’ clients.”

Madden has over 17 years of experience in the ETF industry. He spent his early years working for Kellogg Capital Group, where he helped develop the electronic market making unit that specialized in some of the first ETF products. In 2009, he joined the ETF trading group at Knight Capital and then, ultimately, Cantor Fitzgerald, where he built deep relationships with exchanges and designed effective portfolio management, risk and trading processes. Madden most recently worked at RBC, where he was a Director and ETF Trader, focused on international trading.

“I have known the team at FlexShares for a number of years and look forward to the opportunity to work with such an innovative team committed to serving the needs of advisors through our goal-oriented products,” said Madden. “This role will allow me to look beyond individual trades and more at the global trading picture. I’m excited to utilize my ETF trading expertise to benefit advisors who are utilizing FlexShares’ funds in their clients’ portfolios.”

About FlexShares
FlexShares Exchange Traded Funds are designed to pursue specific investment goals across both passive and active strategies. FlexShares offers differentiated ETF strategies that improve and simplify the investment decision process for the long-term investor. Follow us on Twitter @FlexSharesETFs.

About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has offices in the United States in 19 states and Washington, D.C., and 23 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of September 30, 2017, Northern Trust had assets under custody/administration of US$9.7 trillion, and assets under management of US$1.1 trillion. For more than 125 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit northerntrust.com or follow us on Twitter @NorthernTrust.

Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at www.northerntrust.com/disclosures.

Before investing, carefully consider the FlexShares investment objectives, risks, charges and expenses. This and other information is in the prospectus, a copy of which may be obtained by visiting www.flexshares.com. Read the prospectus carefully before you invest. Foreside Fund Services, LLC, distributor.

An investment in FlexShares is subject to numerous risks, including possible loss of principal. Fund returns may not match the return of the respective indexes. The Funds are subject to the following principal risks: asset class; commodity; concentration; counterparty; currency; derivatives; dividend; emerging markets; equity securities; fluctuation of yield; foreign securities; geographic; income; industry concentration; inflation-protected securities; infrastructure-related companies; interest rate / maturity risk; issuer; large cap; management; market; market trading; mid cap stock; MLP; momentum; natural resources; new funds; non-diversification; passive investment; privatization; small cap stock; tracking error; value investing; and volatility risk. A full description of risks is in the prospectus.