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Thursday, February 07, 2008

Northern Trust Adds Two Back-Office Sales Pros

News summary by MFWire's editors

Northern Trust has added two new members to its Global Fund Services (GFS) team. Anna Jamroz will take the position of sales representative and Robert Raimondi will take the role of relationship manager. Executive at Chicago-based Northern Trust said the two posts were created to advance the firm's North America business.

Jamroz was previously part of the GFS marketing team and Raimondi was previously a sales director at Morningstar.

Company Press Release

Northern Trust announced today that it has expanded its Global Fund Services (GFS) team to address a growing demand for middle- and back-office services for fund complexes and investment management clients. Anna Jamroz, sales representative, and Robert J. Raimondi, relationship manager, have filled new positions created to advance the GFS business in North America.

“We will continue to enhance our fund services business to meet the growing opportunities in a market where new funds and strategies are being launched, a trend we expect to continue,” said Penelope Biggs, head of worldwide business development for asset servicing at Northern Trust. “It is a very exciting time to be engaged in this space, and Anna and Bob will help ensure that our business growth and service remain at the highest level.”

Anna Jamroz is responsible for selling global custody, fund administration, investment operations outsourcing, and related services to funds and investment managers. She reports to Penelope Biggs. Prior to joining the GFS sales team, Jamroz held positions in GFS marketing and was involved in the integration of Barings Financial Services business after Northern Trust acquired the fund services group in 2005.

Robert Raimondi handles the strategic and tactical servicing of GFS clients in North America. He reports to Peter Reinhart, head of GFS client relationship management. Previously, Raimondi worked as a sales director for the investment research firm Morningstar, Inc.

Global Fund Services, one of Northern Trust’s fastest growing business segments, offers global custody and related services, fund administration and investment operations outsourcing to investment managers and fund sponsors. Northern Trust has provided fund services for more than 20 years.

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of investment management, asset and fund administration, fiduciary and banking solutions for corporations, institutions and affluent individuals worldwide. Northern Trust, a multibank holding company based in Chicago, has a growing network of 85 offices in 18 U.S. states and has international offices in 13 locations in North America, Europe and the Asia-Pacific region. As of December 31, 2007, Northern Trust had assets under custody of US$4.1 trillion, and assets under investment management of US$757.2 billion. Northern Trust, founded in 1889, has earned distinction as an industry leader in combining high-touch service and expertise with innovative products and technology. For more information, visit http://www.northerntrust.com.

Edited by: Erin Kello

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