Shundrawn A. Thomas, a graduate of Florida A&M University’s School of Business and Industry, has been named the president of Northern Trust Asset Management, the company announced Tuesday.

Thomas, who earned a B.S. degree in accounting from FAMU in 1995, has held several executive positions with The Northern Trust Corporation, one of the world’s largest international financial services companies.

Thomas succeeds Stephen Potter, who has been appointed vice chairman. He currently serves as head of the corporation’s funds and managed accounts group. The promotions are effective Oct. 1.

“Shundrawn’s experience in developing long-term strategies, creating differentiated products, and developing and retaining talented professionals will help us continue to attract some of the largest, most sophisticated individual and institutional investors in the world,” Chairman and CEO Frederick H. Waddell said.

Waddell described the firm’s asset management division as “one of the hallmarks of Northern Trust, with approximately $1 trillion in assets under management.”

Northern Trust is based in Chicago. According to its website, as of March 31, Northern Trust Corporation had: $121 billion in banking assets; $7.1 trillion in assets under custody; $8.9 trillion in assets under custody/administration and $1 trillion in assets under management.

Thomas served on the FAMU Foundation’s board of directors from 2008 to 2016 and once chaired its investments committee.

He received an MBA degree from the University of Chicago’s Booth School of Business in 1999. He is a graduate of the Whitney M. Young Magnet High School in Chicago.

Contact senior writer Byron Dobson @tallahassee.com or on Twitter @byrondobson.