Portfolio Management and Dealing Authorized by Hong Kong Regulator

HONG KONG--(BUSINESS WIRE)--Northern Trust today announced plans to provide index equity portfolio management to institutional clients from its Hong Kong office. The expansion plans, intended to bring Northern Trust's asset management services closer to clients in the Asia-Pacific region, are enabled by a Type 9 license granted this week by the Hong Kong Securities and Futures Commission.

"This is a positive step in our continued expansion in the Asia-Pacific region and in line with our strategy to bring our people and services closer to our clients around the world," said Kevin Hardy, Northern Trust, managing director of asset management in Asia-Pacific and country head for Hong Kong. "The addition of not only index equity portfolio management capability but also an Asian dealing desk to our Hong Kong office continues our development of a sustainable and scalable global model for asset management, serving Northern Trust clients in every geographic region."

To lead the development of its expanded asset management capabilities in Hong Kong, Northern Trust has made two key appointments: Patrick Dwyer, Senior Portfolio Manager in the global index equity team, and Craig Annakin, who joined Northern Trust as Head of Asian Dealing, responsible for setting up the new Asian dealing desk.

Dwyer will be responsible for the management of international index portfolios. He joins the office with a broad range of experience in managing index mandates including developed, emerging and frontier markets, as well as currency and future overlays. Dwyer transferred from Northern Trust's Chicago office in March and has been involved in setting up the portfolio management capability and hiring.

Annakin joined Northern Trust in May from Deutsche Asset Management in Singapore, where he headed up operations for the Asia region's dealing desks. In addition to his Asian responsibilities, he had a global role on strategic, performance and process outlook of the global footprint, including New York and Frankfurt. Since joining he has been integral in establishing Northern Trust's global equity dealing technology for the Asia region.

"We are pleased to bring new talent and new capabilities to our Hong Kong office, building on momentum from recent growth of client assets and relationships with sophisticated investors in the region," said Wayne Bowers, Northern Trust, Chief Executive Officer of asset management for EMEA and APAC. "By building up our team locally, we can ensure that our investment solutions truly respond to the specific challenges of our large and sophisticated clients in the Asia-Pacific region."

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of investment management, asset and fund administration, banking solutions and fiduciary services for corporations, institutions and affluent individuals worldwide. Northern Trust, a financial holding company based in Chicago, has offices in 18 U.S. states and 16 international locations in North America, Europe, the Middle East and the Asia-Pacific region. As of June 30, 2011, Northern Trust had assets under custody of US$4.4 trillion, and assets under investment management of US$684.1 billion. For more than 120 years, Northern Trust has earned distinction as an industry leader in combining exceptional service and expertise with innovative products and technology. For more information, visit www.northerntrust.com.

Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S.

The Northern Trust Company, London Branch (reg. no. BR001960), Northern Trust Global Investments Limited (reg. no. 03929218) and Northern Trust Global Services Limited (reg. no. 04795756) are authorised and regulated by the Financial Services Authority.

The material within and any linked material accessed via this communication is directed to eligible counterparties and professional clients only and should not be distributed to or relied upon by retail investors. For Asia-Pacific markets, it is directed to institutional investors, expert investors and professional investors only and should not be relied upon by retail investors.

• Northern Trust operates in Australia as a foreign authorised deposit-taking institution (foreign ADI) and is regulated by the Australian Prudential Regulation Authority and the Australian Securities & Investments Commission (AFS Licence No: 314970).
• The Northern Trust Company of Hong Kong Limited is regulated by the Hong Kong Securities and Futures Commission.
• The Northern Trust Company has a Singapore Branch which is a foreign wholesale bank regulated by the Monetary Authority of Singapore.
• The Northern Trust Company has a branch in China regulated by the China Banking Regulatory Commission
• Northern Trust Global Investments Japan, K.K. is regulated by the Japan Financial Services Agency.
• Northern Trust (Guernsey) Limited, Northern Trust Fiduciary Services (Guernsey) Limited, and Northern Trust International Fund Administration Services (Guernsey) Limited are licensed by the Guernsey Financial Services Commission.
• Northern Trust International Fund Administrators (Jersey) Limited and Northern Trust Fiduciary Services (Jersey) Limited are regulated by the Jersey Financial Services Commission.
• Northern Trust International Fund Administration Services (Ireland) Limited, Northern Trust Securities Services (Ireland) Limited and Northern Trust Fiduciary Services (Ireland) Limited are regulated by the Central Bank of Ireland.
• Northern Trust Global Services Limited has a Netherlands Branch which is authorised and regulated in the Netherlands by De Nederlandsche Bank.
• Northern Trust Global Services Limited has a Luxembourg Branch which is authorised and regulated by the Commission de Surveillance du Secteur Financier (CSSF).
• Northern Trust Luxembourg Management Company S.A. is regulated by the Commission de Surveillance du Secteur Financier (CSSF).
• Northern Trust Global Services Limited operates in Abu Dhabi as a Representative Office, Licence number 13/238/2008 which is authorised and regulated by the Central Bank of the United Arab Emirates.
• The Northern Trust Company operates in Canada as The Northern Trust Company, Canada Branch which is an authorized foreign bank branch under the Bank Act (Canada). Trustee related services in Canada are provided by the wholly owned subsidiary The Northern Trust Company, Canada, an authorized trust company under the Trust & Loans Companies Act (Canada). Deposits with The Northern Trust Company and its affiliates and subsidiaries are not insured by the Canada Deposit Insurance Corporation.
• Northern Trust Global Services Ltd (UK) Sweden Filial is Authorised by the Financial Services Authority and subject to regulation by the Finansinspektionen.
• Northern Trust Global Investments Limited has a Netherlands branch which is authorised by the Financial Services Authority and subject to regulation in The Netherlands by the Autoriteit Financiële Markten.
• Northern Trust Global Investments Limited has a Sweden branch which is authorised by the Financial Services Authority and subject to regulation in Sweden by the Finansinspektionen.

Contacts

Northern Trust Corporation
EMEA Contact:
Sara Murshed
+44 (0) 207 982 2249
Sara_Murshed@ntrs.com
or
US, Canada & APAC Contact:
John O'Connell
+1 312 444 2388
John_O'Connell@ntrs.com
http://www.northerntrust.com