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Northern Trust Seeks Emerging Broker Dealers for Trade Execution Services

^{Published on 2011-08-24 07:36:45 - Market Wire}
 

CHICAGO--([ BUSINESS WIRE ])--Northern Trust (Nasdaq: NTRS) announced today it will issue a Request for Information (RFI) on Wednesday, August 31, 2011 to identify equity and fixed income emerging broker dealers to provide trade execution services for its multi-asset class investment management business, Northern Trust Global Investments (NTGI).

"This RFI underscores Northern Trusta™s commitment to building strategic relationships with emerging women-, minority-, and disabled-owned broker-dealers"

aThis RFI underscores Northern Trusta™s commitment to building strategic relationships with emerging women-, minority-, and disabled-owned broker-dealers,a said Connie Lindsey, executive vice president and head of corporate social responsibility at Northern Trust.

RFI responses are due to Northern Trust by 5 p.m. Central Time on October 28, 2011. Northern Trust will host a public forum at its Chicago headquarters on Monday, September 12 for applicants wanting to learn more about the process. Electronic invitations to the forum are available upon request. The process is expected to be completed in January 2012. All broker-dealers must meet Northern Trusta™s rigorous requirements for execution, technology, and performance.

Northern Trust is dedicated to building strategic relationships with minority-, women-, and disabled-owned broker-dealers. Northern Trusta™s diversity commitment also includes its Emerging Managers Program, which invests more than $6 billion with 42 emerging and minority-owned investment management firms through manager-of-manager programs, as of June 30, 2011.

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 June 30, 2011, Northern Trust had assets under custody of US$4.4 trillion, and assets under investment management of US$684.1 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 ].