Northern Trust's Justin Chapman Appointed as Member and Custodian Representative to SWIFT (UK) Ltd Board of Directors

LONDON, March 22 /PRNewswire-FirstCall/ -- Northern Trust (Nasdaq: NTRS) announces today that Justin Chapman, global head of process management at Northern Trust, has been appointed to represent the securities community on the UK board of the Society for Worldwide Interbank Financial Telecommunication (SWIFT). Chapman, currently the custodian representative appointed to the Board of 12 directors, is also the co-chairman of the SWIFT (UK) Ltd Securities Product User Group, established to work with the UK board to advise SWIFT on its securities strategy.

SWIFT (UK) Ltd, which represents the UK community of SWIFT users, aims to support the community by identifying and researching current and emerging issues, lobbying and influencing key stakeholders and setting the UK strategy for SWIFT.

"I am delighted to represent the UK SWIFT securities community on the board of SWIFT UK Ltd," says Chapman. "There have been calls from across the industry to provide greater transparency, standardisation and straight through processing (STP) for securities transactions throughout the securities processing lifecycle. Being involved in providing guidance and recommendations on these and other challenges and responding to the trends affecting securities processing is vital as the industry continues to evolve."

Chapman, who joined Northern Trust in 2005, heads up the team responsible for strategic implementation and change management across the core custody operations. Previous industry appointments have included terms as chairman of the Industry Standardisation for Institutional Trade Communication ("ISITC") and chairman of the subcommittee Corporate Actions Working Group.

SWIFT is a global provider of secure financial messaging services to over 8000 banking organisations, securities institutions and corporate customers in more than 208 countries.  SWIFT enables its customers to automate and standardise financial transactions, thereby lowering costs, reducing operational risk and eliminating inefficiencies from their operations.

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