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Northern Trust Hires Laurence Everitt as Head of Global Fund Services UK

^{Published on 2011-05-12 04:15:56 - Market Wire}
 

LONDON--([ BUSINESS WIRE ])--Northern Trust (Nasdaq:NTRS) announced today that it has appointed Laurence Everitt as Head of Global Fund Services UK. The appointment follows the announcement in November 2010 that Peter Cherecwich had been appointed as Global Head of Global Fund Services and Toby Glaysher as Head of Global Fund Services Europe, and further underpins the businessa™ continuing strategy for growth.

"We are delighted to welcome Laurence to the team"

In his new role Everitt, who has over 20 years of experience in financial services, is responsible for managing the day to day operations of Global Fund Services in the UK. He joins Northern Trust from Capita Group where he was the Managing Director for the Asset Servicing business and reports to Glaysher.

aWe are delighted to welcome Laurence to the team,a said Glaysher. aFund managers are contending with increasingly complex investment, distribution and regulatory strategies and requirements and, as a consequence, we are seeing ever more demand for our outsourcing services, especially our middle office and fund administration functions. Laurencea™s expertise and experience in both the UK and offshore markets will support our ongoing work to develop and deliver solutions that cater to our clientsa™ evolving and increasingly sophisticated requirements.a

Northern Trusta™s Global Fund Services unit provides fund administration and investment operations outsourcing solutions to more than 400 asset managers across the globe. It supports multiple fund structures across multiple domiciles and jurisdictions and has expertise in traditional and alternative investment vehicles.

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, 2011, Northern Trust had assets under custody of US$4.4 trillion, and assets under investment management of US$662.2 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 [ http://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.

The material within and any linked material accessed via this communication is directed to eligible counterparties and professional clients only and should not be distributed to or relied upon by retail investors. For Asia-Pacific markets, it is directed to institutional investors, expert investors and professional investors only and should not be relied upon by retail investors.

• 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 and Northern Trust Fiduciary Services (Ireland) Limited are regulated by the Central Bank of Ireland.
• 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 has a branch in China 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.