Northern Trust Wins Awards for Outsourcing and Relationship Management From ICFA Magazine

CHICAGO, June 24 /PRNewswire-FirstCall/ -- Northern Trust was named Outsourcing Provider of the Year and Client Relationship Manager of the Year at the 2010 Americas Service Providers Awards (ASPAs) presented by International Custody & Fund Administration magazine.  A panel of four U.S.-based industry experts voted on the ASPAs, which were established this year to highlight excellence among financial service providers within the Americas region.

“Our team is delighted to have been selected as Outsourcing Provider of the Year,” said Dan Houlihan, Head of Product and Strategy for Investment Operations Outsourcing at Northern Trust. “Outsourcing has become a major growth area for Northern Trust, and this award validates our strategy of focusing on quality, efficiency and execution over market share to help our clients realize the benefits of outsourcing.”

The award for Client Relationship Manager of the Year was accepted by Jon Dunham, head of North American Sales for Corporate & Institutional Services “At Northern Trust, we strive to continually improve client relationships in order to meet their complex challenges, such as management of over-the-counter derivatives, cross-border pooling, and alternative investments. Our recent efforts include the launch of a global best practice client servicing team with dedicated best practice managers located in the U.S. as well as the UK.”

ICFA Editor Sophia Morrell said the ASPAs drew nominations from service providers across 19 categories.  “The ASPAs recognize the steady growth and achievements of service providers in the region, which are gaining in both assets under administration and global prominence,” Morrell said. “We were delighted to receive so many high quality submissions despite an unfeasibly tough time for the business over recent years.”

As one of the world’s largest and most experienced investment outsourcers, Northern Trust works with clients to remove process duplication, free up resources, and benefit from potential savings.  As a global corporation, the Northern Trust single operating platform supports a variety of approaches, products, services, and investment vehicles for middle and back office outsourcing, as well as component outsourcing.

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 March 31, 2010, Northern Trust had assets under custody of US$3.7 trillion, and assets under investment management of US$647.3 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.

SOURCE Northern Trust Corporation