Northern Trust Names David McPhillips Head of Consultant Relations for Asset Servicing in North America

CHICAGO, March 9 /PRNewswire-FirstCall/ -- Northern Trust announced today that David McPhillips has been named Director of Consultant Relations for the Corporate & Institutional Services business unit in North America. In this role, McPhillips will work closely with client service, sales, product development and operations teams to manage the asset servicing unit's interaction with North American consultants.

McPhillips comes to the consultant relations position from the Transition Management team at Northern Trust Global Investments (NTGI), the asset management arm of Northern Trust. He is based in Chicago and reports to Jon Dunham, Director of North America Asset Servicing Sales.

"David's appointment recognizes the consultant community's important role in guiding institutional investors in this increasingly complex financial world," Dunham said. "David's understanding of the intricacies involved across all asset classes will serve him well in building relationships with the consultant community and presenting the full array of our solutions for supporting the world's largest, most sophisticated institutional investors."

McPhillips has more than a dozen years of experience in financial services, most recently as a Transition Management strategist. His duties in that role, since 2005, combined trading, analysis, and portfolio management skills in order to administer asset allocation events for institutional and high net worth clients. McPhillips began his career at Northern Trust as a regional manager for the Investment Management Liaison Group, where he helped investment management firms resolve domestic and international trade issues and was responsible for daily cash management of multiple currencies for international portfolios, among other issues. Prior to Northern Trust, McPhillips held analyst, relationship manager and client service positions at Mellon Financial Corporation and Bank of Ireland Securities Services. He is a native of Ireland and holds a Bachelor of Commerce degree from University College Dublin.

"Northern Trust recognizes and appreciates that we share mutual clients with consultants. I am eager to build on the strong working relationship that we have established between custodian and consultant, a relationship that works toward the benefit of our clients," McPhillips said.

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 December 31, 2009, Northern Trust had assets under custody of US$3.7 trillion, and assets under investment management of US$627.2 billion. For 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.

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.

SOURCE Northern Trust Corporation