Northern Trust Enhances Insurance Accounting and Regulatory Reporting Capabilities CHICAGO, May 04, 2015 -

Focusing on providing more comprehensive and scalable accounting services for insurance portfolios, Northern Trust announced today that it has selected the SAP® Financial Asset Management application to provide clients with more flexible, state-of-the-art solutions to support current and future needs.

"The decision to integrate SAP Financial Asset Management is one way Northern Trust is enhancing its suite of solutions to meet the increasing accounting, reporting and regulatory needs of our insurance clients, for whom we service over $1 trillion in assets," said Dave Sullivan, head of Northern Trust Insurance Client Servicing in North America. "As our clients invest in more complex securities, such as private equity and bank loans, there is a greater need for multidimensional reporting that can cut across their investment portfolios."

SAP is a recognized global leader in providing enterprise and accounting solutions for the insurance industry. SAP Financial Asset Management provides reporting across many accounting standards including GAAP, STAT, USTAX and IFRS. In addition to a full suite of standard STAT and GAAP reports, the integration of SAP Financial Asset Management with Northern Trust's global custody system provides a more robust set of reporting capabilities such as cash flow analysis, risk analysis, analytics, performance and compliance reporting.

"Northern Trust is focused on providing world-class solutions and service to our clients, and the decision to implement SAP Financial Asset Management represents our commitment to the insurance industry and our continued efforts to enhance our insurance investment accounting solutions," said Serge Boccassini, head of the Insurance Product group at Northern Trust. "With the introduction of these new capabilities, we have improved our clients' access to the information they need."

Fully integrated with Northern Trust's multi-faceted Web portal, Passport®, key aspects of the new accounting system include:
• Greater depth and breadth of investment instrument coverage
• Integrated general ledger capabilities
• More flexible, customizable reporting
• Enhanced report delivery, including tablets and other mobile devices
• Board-quality reporting with graphs and dashboards

"SAP is pleased to support Northern Trust in further differentiating its insurance service offerings," said David O'Malley, General Manager, Financial Services at SAP. "The SAP Financial Asset Management application integrated with Northern Trust's global custody platform will provide its clients with the ability to access and make more sense of data for strategic purposes and to face accounting, regulatory and reporting challenges with confidence."

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 20 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2015, Northern Trust had assets under custody of US$6.1 trillion, and assets under management of US$960.1 billion. For 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 http://www.northerntrust.com/disclosures.

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