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Lloyd Wennlund

Lloyd Wennlund

Lloyd Wennlund 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 include: firm management, supervision, sales, trading, operations, compliance, and regulation. 

Prior to joining Bates Group, Mr. Wennlund spent almost 28 years with The Northern Trust Company where he was most recently Executive Vice President.  For over 22 years, Mr. Wennlund 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 Mr. Wennlund 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 Mr. Wennlund exceptional perspective, insights and understanding.

Mr. Wennlund 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, Mr. Wennlund 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, Mr. Wennlund has been engaged at the ground level with regulators on numerous issues impacting Asset Management and Broker Dealer organizations. 

Lloyd is a consultant and subject matter expert in these Practice Areas and Services:

Credentials

EXPERIENCE

Bates Group LLC, Testifying Expert, Lake Oswego, OR, 2018-present
Datum One Series Trust, Independent Director and Board Chair, Chicago, IL, 2020-present
Calamos Funds, Independent Director and Valuation Chair, Naperville, IL, 2018-present
The Northern Trust Company, 1989-2017; Executive Vice President, Chicago, IL; President and Business Unit Head for Mutual Funds, 1994-2017; Practice Executive, Defined Contribution Solutions, 2010 – 2014; President/CEO Northern Trust Securities, 1997-2008; Director of Marketing, Wealth Management, 1995 – 1997; National Sales Manager, Northern Trust Securities, 1989 – 1994
Midwest Financial Group (MFG), President MFG Brokerage Services, President MFG Life Insurance, Peoria, IL, 1987 – 1989
Earlier Experience, 1979-1987

  • Career began with 6 ½ years at United States Steel Corporation in the IT Department and as an Accounting Manager
  • In 1985, made a major career change and went to work for an investment banking firm (Clayton Brown & Associates/First Trust) selling Institutional fixed income
  • Eventually became a Wholesaler selling mutual funds and UIT’s for that firm

EDUCATION

 Bachelor of Science (BS), Business Administration, Education, Valparaiso University, Valparaiso, IN

PROFESSIONAL CERTIFICATIONS

FINRA Series 7, 24, 53 and 63 licenses (inactive)

AFFILIATIONS

  • Investment Company Institute (ICI), Board of Governors 2004-2017, Executive Committee 2011-2017; Active Industry participant in the legislative, regulatory, governance and policy making process at the Federal level
  • ICI Money Market Working Group, 2010-2015
  • ICI SIFI Working Group, 2013-2017
  • ICI Liquidity Management Working Group, 2015-2017
  • SIFMA Advisory Board, Private Client Services Steering Group and Private Client Services Committee 2006-2017
  • The Salvation Army, Chicago Advisory Board. Board Member and Chair of the Development Committee. 2011-2019

Contact Bates Group

Bates Group is with you every step of the way. Contact us today for more information on how our End-to-End Solutions can help your firm.