Northern Trust hires new head of Nordic sales

Northern Trust hires new head of Nordic sales

Struan Malcolm to lead asset servicing sales from Stockholm

Northern Trust (Nasdaq:NTRS) announced today that it has appointed Struan Malcolm as head of asset servicing sales for Northern Trust in the Nordics.

In his new role Malcolm, who will be based in Stockholm, will be responsible for identifying opportunities to market Northern Trust’s asset servicing solutions to a diverse client base including insurance companies, pension funds, charities and fund managers across Sweden, Denmark, Finland and Norway.

Malcolm joins Northern Trust from Nomura where he was most recently senior transition manager responsible for the Nordic region. Prior to this, Malcolm worked at Northern Trust in various roles across the areas of custody, transition management, fund administration and asset management.

“We are delighted to welcome Struan back to Northern Trust,” said Penelope Biggs, Head of the Institutional Investor Group for Europe, Middle East and Africa. “His business experience and expertise across both the asset servicing and asset management industry will be particularly valuable as we continue to develop our local solutions to meet our clients’ unique regional requirements.”

Northern Trust’s Stockholm office opened in September 2009 to offer global custody and related services to its Nordic clients as close to their home market as possible. Earlier this year, Northern Trust extended its solutions to Nordic clients, attaining a licence to offer asset management expertise directly from the Stockholm office, and appointing Kristina Ilar as head of asset management sales for the region.

Northern Trust has been servicing clients in the Nordics for close to 20 years and works with some of the most sophisticated institutional funds and investment managers in the region. In 2004, Northern Trust became one of the first non-Swedish banks to provide global custody and related services to a Swedish mutual fund, through an innovative partnership with Handelsbanken.

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 September 30, 2011, Northern Trust had assets under custody of US$4.1 trillion, and assets under investment management of US$644.2 billion. For more than 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 Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S.

The Northern Trust Company, London Branch (reg. no. BR001960), Northern Trust Global Investments Limited (reg. no. 03929218) and Northern Trust Global Services Limited (reg. no. 04795756) are authorised and regulated by the Financial Services Authority.

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Northern Trust (Guernsey) Limited, Northern Trust Fiduciary Services (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, Northern Trust Securities Services (Ireland) Limited and Northern Trust Fiduciary Services (Ireland) Limited are regulated by the Central Bank of Ireland. 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 Investments Limited has a Netherlands branch, which is authorised by the Financial Services Authority and subject to regulation in the Netherlands by the Autoriteit Financiële Markten. Northern Trust Global Services Limited has a Netherlands Branch, which is authorised and regulated in the Netherlands by De Nederlandsche Bank. Northern Trust Global Investments Limited has a Sweden branch, which is authorised by the Financial Services Authority and subject to regulation in Sweden by the Finansinspektionen. Northern Trust Global Services Ltd (UK) Sweden Filial is authorised by the Financial Services Authority and subject to regulation by the Finansinspektionen. Northern Trust Global Services Limited operates in Abu Dhabi as a Representative Office. Our registered office is authorised and regulated by the Central Bank of the United Arab Emirates. 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 has a branch in China regulated by the China Banking Regulatory Commission. The Northern Trust Company of Hong Kong Limited is regulated by the Hong Kong Securities and Futures Commission. Northern Trust Global Investments Japan, K.K. is regulated by the Japan Financial Services Agency. 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 Canada as The Northern Trust Company, Canada Branch, which is an authorised 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 authorised 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.

IRS CIRCULAR 230 NOTICE: To the extent that this message or any attachment concerns tax matters, it is not intended to be used and cannot be used by a taxpayer for the purpose of avoiding penalties that may be imposed by law. For more information about this notice, see http://www.northerntrust.com/circular230.

EMEA Contact:
Camilla Greene
+44 (0) 207 982 2176
Camilla_Greene@ntrs.com
or
US, Canada & APAC Contact:
John O’Connell
+1 312 444 2388
John_O’Connell@ntrs.com