Northern Trust : Builds on Leading Position in UK Local Government Pension Scheme Sector

The National Framework Agreement has named Northern Trust as a provider for transition management to the UK Local Government Pension Scheme (LGPS) sector.

This most recent appointment adds to Northern Trust's existing mandates for global custody and performance measurement and underlines Northern Trust's commitment to meeting the needs of its LGPS clients, positioning it firmly as a leading provider.

'Northern Trust is dedicated to providing first-class support to the LGPS sector as it continues to evolve,' said James Wright, head of Institutional Investor Group, for the UK, Middle East and Africa at Northern Trust. 'We are privileged to already have a close relationship with the LGPS, and we look forward to extending this further across transition management and providing the solutions our clients require to support them in their strategic objectives.'

'Our capabilities in transition management are based on a high caliber of risk management and global trade execution alongside a bespoke service for each transition,' said Craig Blackbourn, head of transition management for Europe Middle East and Africa at Northern Trust Capital Markets. 'We are confident that our approach will continue to deliver optimal solutions for the UK LGPS sector.'

Northern Trust has an ongoing commitment to UK pension schemes, including the specialist LGPS sector. It currently supports 43 percent of the LGPS sector. Its dedicated program of educational workshops, and thought leadership is central to supporting its LGPS clients as they work through the latest developments impacting the industry.

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 23 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of December 31, 2017, Northern Trust had assets under custody/administration of US$10.7 trillion, and assets under management of US$1.2 trillion. 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.