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Thursday, July 10, 2008

Northern Trust Entices Columbia Vet to Chi-Town

News summary by MFWire's editors

Northern Trust has hired away a Columbia Management vet. Joining the Chicago-based Northern Trust, as senior vice president and senior vice president of the institutional large cap core strategy, is George Maris. Maris was previously a senior portfolio manager at Columbia.

Company Press Release

CHICAGO July 10, 2008 Northern Trust announced today that George P. Maris has joined its investment management business, Northern Trust Global Investments (NTGI), as a Senior Vice President and Senior Portfolio Manager of its institutional Large Cap Core strategy.

Maris is responsible for managing the Northern Growth Equity and Northern Institutional Diversified Growth mutual funds, and is a member of the Fundamental Active Growth Equity team, headed by John S. Cole, chief investment officer of U.S. Growth Fundamental Equity strategies.

Commenting on the appointment Cole said, "George has an extensive background in equity research and portfolio management. He has managed several funds and strategies and will enhance our active equity team in a number of ways. His appointment continues our strategy to increase our active equity presence and to grow our capabilities, particularly in the institutional arena. George is the latest of several key additions made to our Northern team."

Prior to joining Northern Trust, Maris was a senior portfolio manager at Columbia Management Group in Boston, where he co-managed both large cap and mid cap equity strategies. Prior to this role, he was a portfolio manager in the U.S. Value Equity Group at Putnam Investments also in Boston, and an analyst with Lincoln Capital Management in Chicago.

Maris holds the Chartered Financial Analyst (CFA) designation. He received a B.A. in Economics from Swarthmore College, a J.D. from the University of Illinois College of Law, and an MBA, with honors, from the University of Chicago.

About Northern Trust

Northern Trust Global Investments (NTGI) is the multi-asset class investment management business of Northern Trust Corporation. NTGI comprises Northern Trust Investments, N.A., Northern Trust Global Investments Limited, Northern Trust Global Investments Japan, K.K., the investment advisor division of The Northern Trust Company and Northern Trust Global Advisors, Inc. and its subsidiaries.

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 15 locations in North America, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2008, Northern Trust had assets under custody of US$4.0 trillion, and assets under investment management of US$778.6 billion. Northern Trust, founded in 1889, has earned distinction as an industry leader in combining exceptional service and expertise with innovative products and technology. For more information, visit http://www.northerntrust.com.  

Edited by: Erin Kello

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