Lloyd Wennlund

Lloyd is a Bates Group Testifying Expert with over 31 years of experience in the Financial Services Industry.  His business areas of expertise include mutual funds, broker-dealer and asset management activities in the Wealth Management and Institutional channels.  Specific areas of mutual fund expertise include fund governance/15-C, product management, sales, marketing, distribution, operations, investment performance, pricing, reporting, risk management, compliance, and regulation.  Specific broker- dealer expertise for both Wealth Management and Institutional client segments includes firm management, supervision, sales, trading, operations, compliance, and regulation.  

Prior to joining Bates Group, Lloyd spent almost 28 years with The Northern Trust Company where he was most recently Executive Vice President.  For over 22 years, Lloyd was President of the $150 billion mutual fund complex, Northern/Northern Institutional Funds.  While at Northern, he was also President/CEO of Northern Trust Securities (NTSI), a Full-Service Broker/Dealer serving Wealth Management and Institutional clients.  Key additional responsibilities at Northern included, Head of Product Management for Northern Trust Asset Management, Head of Defined Contribution Solutions, Director of Marketing/Product Management for Wealth Management, and National Sales Manager for NTSI.  These experiences have provided Lloyd with a unique understanding of Asset Management, Brokerage, Banking, Trust, and Fiduciary responsibilities in multi-faceted regulatory environment.  He has managed businesses for growth while equally managing the regulatory, risk, compliance, and operational complexities of various financial entities.  This combination of responsibilities applied within a highly regulated environment has given Lloyd exceptional perspective, insights and understanding.

Lloyd has significant experience working with various regulatory bodies including the SEC, FINRA, OCC, Federal Reserve, DOL and others, in conjunction with the businesses he ran for Northern Trust and his industry service.  Over the past 13 years, Lloyd has been in key leadership roles as a member of the Investment Company Institute Board of Governors and Executive Committee.  He has also served on the Private Client Services Committee, Private Client Steering Group, and Advisory Board, of the Securities Industry and Financial Markets Association (SIFMA) for many years.  As part of his association with industry groups, Lloyd has been engaged at the ground level with regulators on numerous issues impacting Asset Management and Broker Dealer organizations.