AP NEWS

Northern Trust Appoints Marc Mallett as Director of Strategy for Asset Servicing, Americas

October 9, 2018

CHICAGO--(BUSINESS WIRE)--Oct 9, 2018--Northern Trust (Nasdaq: NTRS) announced today that Marc Mallett has joined as Director of Strategy for Asset Servicing, Americas. In this new role Marc will lead growth initiatives for the business which provides front, middle and back office services to asset owners and asset managers in the region.

“Marc brings deep consulting, asset servicing and technology experience that will guide our strategic planning and evaluation of opportunities in an evolving marketplace,” said Dan Houlihan, Head of Asset Servicing, Americas at Northern Trust. “We see the continued convergence of requirements across our asset owner and asset manager clients driving demand for real-time data, analytics and an increasing range of complex services that reduce cost, increase efficiency and drive bottom line performance. With his proven history of running operations and technology transformation initiatives, Marc is well positioned to lead Northern Trust’s strategy for technology-driven solutions in this region.”

Mallett has more than 20 years of experience in financial services consulting, technology and operations, including leadership roles in Northern Trust’s Investment Operations Outsourcing (IOO) business from 2010 to 2014. He rejoins Northern Trust from SimCorp, where he led sales and product management for North America. Previously at Northern Trust, he was the head of product and strategy for the IOO business and head of IOO implementations globally. Prior to joining Northern Trust, Mallett spent 15 years in leadership positions at firms including Fidelity Investments and Citisoft.

“Northern Trust has emerged as an innovative technology leader in asset servicing while maintaining its culture of client service, expertise and integrity,” Mallett said. “It’s exciting to rejoin the organization at this time, and I am eager to work with our team on new and exciting solutions that lead the industry forward.”

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has offices in the United States in 19 states and Washington, D.C., and 23 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of June 30, 2018, Northern Trust had assets under custody/administration of US$10.7 trillion, and assets under management of US$1.1 trillion. For more than 125 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit northerntrust.com or follow us on Twitter @NorthernTrust.

Northern Trust Corporation, Head Office: 50 South LaSalle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/disclosures.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181009005592/en/

CONTACT: Northern Trust Corporation

EMEA Contact:

Camilla Greene

+44 (0) 207 982 2176

Camilla_Greene@ntrs.com

or

US & Canada Contact:

John O’Connell

+1 312 444 2388

John_O’Connell@ntrs.com

http://www.northerntrust.com

KEYWORD: UNITED STATES NORTH AMERICA ILLINOIS

INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE OTHER PROFESSIONAL SERVICES

SOURCE: Northern Trust

Copyright Business Wire 2018.

PUB: 10/09/2018 10:00 AM/DISC: 10/09/2018 10:01 AM

http://www.businesswire.com/news/home/20181009005592/en

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