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Max Michelson

@maxmichelson

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Senior VP with expertise in investment-grade fixed-income securities management.

United States

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What I'm looking for

I seek a challenging role that fosters growth and leverages my financial expertise.

I am a seasoned finance professional with extensive experience in managing large-scale investment-grade fixed-income portfolios and derivative hedging strategies. Currently serving as Senior VP at The Northern Trust Company, I lead a team responsible for overseeing $14 billion in fixed-income securities and $12 billion in derivative hedging portfolios. My role involves collaborating with senior executives to construct and implement asset interest rate strategies that optimize balance sheet income while adhering to regulatory frameworks.

Throughout my career, I have successfully co-directed significant public debt offerings and executed capital markets transactions that have freed up substantial capital, resulting in increased net interest income. My ability to navigate complex financial landscapes, particularly during periods of economic instability, has been instrumental in minimizing risks and enhancing future earnings for the bank. I am passionate about fostering a high-performing team culture through clear communication and continuous education on critical financial topics.

Experience

Work history, roles, and key accomplishments

Current

Senior VP, Manager, Bank Portfolio

Current

The Northern Trust Company

Jan 2016 - Present (9 years 5 months)

Currently leading a team managing $14bn in investment-grade fixed-income securities and $12bn in derivative hedging portfolios. Responsible for asset interest rate strategy for a $150bn balance sheet and providing leadership to cultivate a high-performing team.

Asset Liability Management Financial Analysis Team Leadership Capital Markets Risk Management Interest Rate Strategy Public Debt Offerings

2nd VP, Senior Interest Rate Flow Manager

The Northern Trust Company

Jan 2016 - Feb 2020 (4 years 1 month)

Led interest rate derivative hedging on client loan activity, generating ~$12mm in annualized revenue. Managed investment-grade fixed-income portfolios and structured litigation derivatives.

Client Hedging Revenue Risk Management Financial Analysis Team Leadership

Associate, Funds/ETF Distribution, Sales

Guggenheim Partners

Jan 2015 - Jan 2016 (1 year)

Marketed mutual fund and ETF products to institutional and advisory clients, focusing on new business development and maintaining existing relationships across fixed-income and alternatives products.

Sales Strategy Business Development Client Relationship Management ETF Marketing Mutual Fund Sales Financial Analysis Market Research

Analyst, Interest Rates Sales

Citigroup- Institutional Clients Group

Jan 2013 - Jan 2015 (2 years)

Supported senior sales team in marketing and trading fixed-income securities to institutional clients, including insurance companies and hedge funds. Gained experience in various fixed-income products.

Market Analysis Financial Analysis

Education

Degrees, certifications, and relevant coursework

Marquette University

Bachelor of Science, Finance

Activities and societies: Participated in the Applied Investment Management Program, completed summer internships at Cimarron Alternative Investments and Royal Bank of Scotland Capital Markets.

Bachelor of Science in Business Administration with a major in Finance. Member of the Applied Investment Management Program (AIM), where I was one of 12 students selected to manage a portfolio of $1.5mm of the University Endowment and present investments to the Professional Advisory Board. Developed discounted cash flow and other valuation models for small cap equities.