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CHICAGO--([ BUSINESS WIRE ])--Northern Trust (Nasdaq: NTRS) announced key appointments today to the Northern Trust Alternatives Group, building its capabilities in hedge fund and private equity management for institutional and individual clients.

"We see significant interest in the alternative investments space, and the Northern Trust Alternatives Group is growing in order to meet client demand for innovative investment solutions"

Anthony Zanolla has been named Head of Portfolio Management, Tony Lissuzzo will serve as the Director of Hedge Fund Research, Bob DiCarlo has been named Chief Administrative Officer and Aimee Wight will serve as an Investor Relations Consultant for Hedge Funds. Northern Trust Alternatives Group also promoted Brad Dorchinecz to Director of Private Equity.

aWe see significant interest in the alternative investments space, and the Northern Trust Alternatives Group is growing in order to meet client demand for innovative investment solutions,a said Robert Morgan, Managing Director of the Northern Trust Alternatives Group. aFilling these new positions with highly experienced individuals strengthens our hedge fund business and allows Northern Trust Alternatives Group to create custom programs for our clients, as well as expand our hedge fund of funds offerings.a

Morgan, who had previously been Director of Private Equity, oversees approximately $3.5 billion under management or advisory as Managing Director of the group. Northern Trust offers hedge fund of funds products and customized portfolios that give investors exposure to multiple strategies and seek competitive returns while seeking to contain overall portfolio risk. The private equity program includes a series of private equity funds-of-funds and customizable multiple-manager portfolios, with a mission to generate returns while seeking to reduce risk through fund and sector diversification.

Zanolla has more than 18 years of investment experience, and has been with Northern Trust since 2005. As Head of the newly created Portfolio Management team, he will be responsible for portfolio construction and management within the group, working with clients to create customized hedge fund solutions and managing the Alpha, Diversified, and Equity Long/Short funds. Previously, Zanolla served as a Senior Portfolio Manager.

New hire Tony Lissuzzo, a 20-year hedge fund industry veteran, is responsible for the hedge fund research team, portfolio construction and manager evaluation. Lissuzzo, who spent 10 years in hedge fund research and 10 years in trading, comes to Northern Trust from Lakeview Investment Management, where he managed a concentrated portfolio of activist hedge funds. He previously was Head of New Investments at Glenwood Capital/Man Group.

Chief Administrative Officer Bob DiCarlo is responsible for implementing infrastructure projects and positioning the group for future growth in assets. With more than two decades of financial experience, DiCarlo most recently worked at Aurora Investment Management, working on all aspects of the firmas financial and performance reporting.

Brad Dorchinecz, who has been working in the private equity field at Northern Trust for nearly 11 years, will take over as Director of Private Equity. He previously served as co-founder of the Private Equity Funds of Funds Group. He has over 15 years of experience in the industry, sits on several fund advisory boards, and will lead the private equity investment process for the Northern Trust Alternatives Group.

In her new role, Aimee Wight focuses on investor relations for hedge funds within the Northern Trust Alternatives Group. Her responsibilities include client service and business development. She previously worked at a Chicago-based hedge fund for four years, and most recently worked to position alternative assets with some of Northern Trustas most sophisticated Wealth Management clients.

Northern Trust Alternatives Group was formed in October 2011 to develop and manage alternative investment products. The group brings together portfolio construction and management, product, sales and service teams to build on the private solutions offered by Northern Trustas multi-manager business.

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, 2011, Northern Trust had assets under custody of US$4.3 trillion, and assets under investment management of US$662.9 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 ].