Northern Trust Named Global Custodian for WPA Asia Investment Mandate

LONDON--(BUSINESS WIRE)-- Northern Trust (Nasdaq: NTRS) announced today that it has been selected to provide global custody and investment accounting services for Western Provident Association (WPA), a private health insurer based in Somerset, UK. Northern Trust will service WPA’s Asian equities mandate.

“We were looking for a global custodian that understood our requirements around investing in overseas markets and the team and expertise to work with our investment manager in Hong Kong,” said John Pugh, Finance Director at WPA. “It is important for us to have a dedicated relationship manager in London with local expertise but also knowing that our assets are being looked after in Asia. We feel Northern Trust will deliver on these two fronts,” Pugh added.

“We are delighted to have been selected by WPA, one of the UK’s longest-established health insurers,” said Penelope Biggs, managing director of Northern Trust’s Institutional Investor Group in Europe, Middle East and Africa. “We remain focused and committed to delivering increasingly sophisticated back and middle office asset servicing solutions to our clients within this market. Clients such as WPA will benefit from our expert client service and industry leading insurance reporting capabilities via Northern Trust’s Passport. Through our global operating model, WPA and its investment manager will have access to the same consistent data across all locations and all time zones - something our global clients truly value,” added Biggs.

Northern Trust provides the full range of asset servicing and asset management solutions, including global custody, investment operations outsourcing, and sub-advisory services to a variety of insurance clients across the globe. Northern Trust’s insurance client base and expertise encompass life, general, pensions, protection and indemnity, captives and the specialist Lloyd’s insurance market in the UK.

Since January 2009, Northern Trust has added more than US$95 billion in new insurance assets. With the addition of 16 new mandates in this segment over this period, Northern Trust now services in excess of 230 insurance relationships worldwide, with new business interest coming from across various sectors of the market.

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, 2010, Northern Trust had assets under custody of US$3.7 trillion, and assets under investment management of US$647.3 billion. For 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 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 and Northern Trust Fiduciary Services (Ireland) Limited are regulated by the Financial Regulator.
• 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.
• The Northern Trust Company operates in Australia as a foreign authorised deposit-taking institution (foreign ADI)and is regulated by the Australian Prudential Regulation Authority.
• The Northern Trust Company of Hong Kong Limited is a securities company regulated by the 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 operates in China as a Representative Office and is 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 Corporation
North America & Asia-Pacific Contact:
John O’Connell
+1 312 444 2388
[email protected]
or
EMEA Contact:
Camilla Greene
+44 (0) 20 7982 2176
[email protected]

Source: Northern Trust