London, May 15, 2012 -

Northern Trust (Nasdaq: NTRS) has appointed Sheldon Woldt to the newly created role of head of the Middle East, responsible for leading the continued growth of its business in the region.

Working with Europe, Middle East and Africa (EMEA) regional management, and drawing on Northern Trust's asset servicing, asset management and wealth management expertise serving institutional asset owners, asset managers and family office clients, Woldt will lead the organisation's further expansion in the Middle East.

"The creation of this role reflects Northern Trust's continued business success in the Middle East, our expanding and important client base in the region, and new and exciting opportunities for further growth," said Wilson Leech, chief executive officer, EMEA, Northern Trust. "Sheldon's experience working with clients in the region provides him with a fitting base from which to develop the next phase in our Middle East growth strategy, and oversee the continued evolution of our business in the region."

Woldt will re-locate from Chicago to Abu Dhabi, reporting to Penelope Biggs, head of the Institutional Investor Group, EMEA. Locally, he will work closely with Michael Slater, head of the Abu Dhabi office, and Kais Abbas, head of investment business development.

Woldt has been with Northern Trust since 1983 during which time he has worked with a range of Middle East clients across a number of sectors. During his 30 years with the organisation, he has held roles in banking operations, financial analysis and client relationship management in commercial lending, treasury management, investment management and global custody. Most recently, he was head of the U.S. insurance client business.

"I am excited to have this opportunity and I look forward to being involved more deeply in Northern Trust's continued development in the Middle East," said Woldt. "It is a dynamic, complex region, with sophisticated clients who require world class investment management and asset servicing expertise. I look forward to working with local management, business development, product and client service groups to ensure Northern Trust remains positioned for continued success."

Woldt is a Chartered Financial Analyst (CFA), and holds an M.B.A. in Finance and Marketing from the Kellogg Graduate School of Management at Northwestern University, and a B.S. degree in Economics from the University of Wisconsin-Madison.

Northern Trust has been serving Middle East clients since 1987, and opened its representative office in Abu Dhabi in 2008. Northern Trust provides a range of asset servicing, asset management and wealth management services to institutional clients across the Middle East, including sovereign wealth funds, family offices, insurance companies and pension funds.

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 March 31, 2012, Northern Trust had assets under custody of US$4.6 trillion, and assets under investment management of US$716.5 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 or follow us on Twitter @NorthernTrust.

Asset Management at Northern Trust begins with listening and leads to answers beyond the expected for our clients. The multi-asset class investment management business is comprised of Northern Trust Investments, Inc., Northern Trust Global Investments Limited, Northern Trust Global Investments Japan, K.K., the investment advisor division of The Northern Trust Company and The Northern Trust Company of Connecticut and its subsidiaries which offer investment products and services to personal and institutional markets. 

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.

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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 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 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 Financiėle 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.

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