Northern Trust Wins GB 1.3 Billion pounds Sterling Custody Mandate for Taylor Wimpey

LONDON, March 25 /PRNewswire/ -- Northern Trust (Nasdaq: NTRS) has been appointed to provide global custody, investment accounting and performance measurement to approximately GB 1.3 billion pounds Sterling (US$1.9 billion) in UK pension fund assets for international housing and development group, Taylor Wimpey.

Taylor Wimpey, which was formed through the merger of George Wimpey and Taylor Woodrow in 2007, has homebuilding operations in the U.K., North America, Spain and Gibraltar.

"We appointed Northern Trust following a competitive tender process," said Julian Waller, group pensions manager at Taylor Wimpey. "We selected them based on a number of factors. Of key interest to us was Northern Trust's online client reporting solution, Passport, which was easy to use and helps us administer and report on our investments and actively monitor performance."

"As pension funds face an ever more complex retirement market, we continue to develop solutions that cater to their evolving requirements – such as the demand for detailed performance and reporting data," said Douglas Gee, UK institutional sales manager for asset servicing at Northern Trust.

"For example, our Investment Risk and Analytical Services Group recently announced a new capability enabling investors to measure the carbon footprint of their investments. Trustees can now make comparisons between funds and individual managers, and improve communications on environmental performance with stakeholders and regulatory bodies – a key concern and focus for many pension funds," Gee added.

Northern Trust currently provides asset servicing and asset management solutions to more than 1000 pension fund clients across the globe, including approximately one third of top 200 pension funds in the UK.

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.

• Northern Trust (Guernsey) Limited, Northern Trust Fiduciary Services (Guernsey) Limited, Northern Trust Fiduciary Company (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 and Northern Trust Fiduciary Services (Ireland) Limited are regulated by the Financial Regulator.
• 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.
• The Northern Trust Company operates in Australia as a foreign authorised deposit-taking institution (foreign ADI) and is regulated by the Australian Prudential Regulation Authority.
• The Northern Trust Company of Hong Kong Limited is a securities company regulated by the 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 operates in China as a Representative Office and is regulated by the China Banking Regulatory Commission.
• Northern Trust Global Investments Japan, K.K. is regulated by the Japan Financial Services Agency.
• Northern Trust Global Services Ltd (UK) Sweden Filial is Authorised by the Financial Services Authority and subject to regulation by the Finansinspektionen.

SOURCE Northern Trust Corporation

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