CHICAGO--(BUSINESS WIRE)-- Northern Trust announced today it has created two dedicated sales positions for Transition Management Services, which works with institutional investors globally to manage costs and risks to gain timely exposure to target portfolios while changing investment managers or asset allocation policies.

Bill Kincaid has joined Northern Trust to lead Transition Management sales, distribution, and relationship management in North America, reporting to Grant Johnsey, Head of Transition Management North America. Kate Lander, CFA has taken a similar role for the Europe, Middle East and Africa (EMEA), and Asia-Pacific (APAC) regions, reporting to Simon Hutchinson, Head of Transition Management for those regions.

“These new sales positions, along with new analysts hired in recent months, reflect the growth we have seen in Transition Management and demonstrate Northern Trust’s commitment to this business,” said Michael A. Vardas Jr., Managing Director of Northern Trust Capital Markets. “As a global custodian and investment manager, transition management is a core business for us. With Kate and Bill on our team, we see great potential for growth in providing the complex transitions with customized strategies, superior service and confidentiality that clients expect from Northern Trust.”

Prior to joining Northern Trust, Kincaid spent over 20 years in the institutional brokerage, asset management and asset servicing industry, and recently was part of the transition management sales team at BNY ConvergEx. Lander has been at Northern Trust for six years, most recently as the head of fixed income trading for Global Securities Lending in London.

“The success of our Transition Management business is built on the quality of our people and we are pleased to add industry veterans with wide experience to these dedicated sales roles,” Johnsey said. “Bill and Kate will work with the consultant community and our clients to profile Northern Trust’s role as an established leader in the transition management industry.”

Northern Trust has provided transition management services since 1987. Over the past three years, Northern Trust Transition Management has managed more than 1,000 transition events, with a total value in excess of US$188 billion.

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.

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 operates in Australia as a foreign authorised deposit-taking institution (foreign ADI) and is regulated by the Australian Prudential Regulation Authority and the Australian Securities & Investments Commission (AFS Licence No: 314970).
• The Northern Trust Company of Hong Kong Limited is regulated by the Hong Kong 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 (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 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.
• 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 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 Investments Limited has a Sweden branch which is authorised by the Financial Services Authority and subject to regulation in Sweden by the Finansinspektionen.

CONTACT:

Northern Trust Corporation
Media Contacts:
Asia-Pacific and North America:
John O’Connell, 312-444-2388
John_O'Connell@ntrs.com
or
Europe, Middle East and Africa:
Camilla Greene, +44 (0) 207 982 2176
Camilla_Greene@ntrs.com
http://www.northerntrust.com

KEYWORDS:   United States  North America  Illinois

INDUSTRY KEYWORDS:   Professional Services  Banking  Finance

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