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Tuesday, July 29, 2008

Northern Trust Makes Room for a New Role

News summary by MFWire's editors

Northern Trust has created a new position in its institutional asset servicing ranks. The Chicago company has appointed Matt Severs as the head of consultant relations for its corporate and institutional services business in North America. Severs was previously division manager for cross-border pooled funds at Northern Trust.

Company Press Release

CHICAGO – July 29, 2008 – Northern Trust announced today it has appointed Matt Severs to fulfill a newly created position as the Head of Consultant Relations for its Corporate & Institutional Services business in North America. He will assume responsibility for consultant relationships, working alongside relationship management, sales, product development and operations to support all asset servicing touch points between Northern Trust and the consultant community.

“Matt’s new role is part of an enterprise-wide effort to strengthen consultant relations, recognizing the strategic influence that this group carries within the asset servicing market,” said Robert Frazer, Head of Global Consultant Relations for Northern Trust’s Corporate & Institutional Services business. “We are delighted that someone with Matt’s talent will assume responsibility for managing these communications and act as an advocate for Northern Trust.”

Severs brings with him a wealth of product and industry knowledge from his tenure within Northern Trust’s fund administration business, where he helped build Northern Trust’s market leadership in the cross-border pooling space. Since 1998, he has supported a rapidly expanding client base centered in Europe and North America and has overseen product development for client reporting.

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 15 locations in North America, Europe, the Middle East and the Asia-Pacific region. As of June 30, 2008, Northern Trust had assets under custody of US$4.0 trillion, and assets under investment management of US$751.4 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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