Northern Trust Hires Head of Global Fund Services for Asia

Northern Trust (Nasdaq:NTRS) announced today that it has appointed Caroline Higgins as head of its Global Fund Services business in Asia.

From her Hong Kong base, Higgins will focus on bringing Northern Trust’s range of tailored fund servicing solutions to Asia-based investment manager clients, expanding its range of region specific products and capabilities. Additionally, she will focus on bringing expertise and solutions to help Northern Trust’s existing clients distributing their products in Asia, and looking for local time zone support.

"Asia-Pacific is the fastest growing region for Northern Trust and we see increasing opportunity to expand our fund servicing business in Asia,” said William Mak, head of Northern Trust in Asia-Pacific. "We are pleased to appoint Caroline to spearhead our focus on expanding our global fund services business here. Her experience working with global clients will be valuable as we continue to grow our capabilities and geographical reach across Asia-Pacific.”

Higgins joins Northern Trust from Brown Brother Harriman (BBH), in Hong Kong where she was head of transfer agency for Asia. During her career, Higgins has worked in Ireland, Australia and Hong Kong and has 25 years of experience working in the fund servicing industry.

"We see an increasing demand from our clients in Asia for tailored fund servicing solutions that support their unique requirements,” said Peter Jordan, head of Global Fund Services, Asia-Pacific. "Appointing Caroline to focus on Asia and our cross border business underlines our commitment to continuing to support our clients with fund administration solutions that meet their unique and regionally-specific requirements.”

Northern Trust Global Fund Services provides custody, fund administration and investment operations outsourcing solutions to investment managers across the globe and across the spectrum of asset classes. It has supported a range of complex investment strategies on behalf of investment management clients for more than 30 years.

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has offices in the United States in 19 states and Washington, D.C., and 22 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of September 30, 2016 Northern Trust had assets under custody of US$6.7 trillion, and assets under management of US$946 billion. For more than 125 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit northerntrust.com or follow us on Twitter @NorthernTrust.

Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/disclosures.

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