CHICAGO, Aug. 20 /PRNewswire-FirstCall/ -- Northern Trust announced today the appointment of Alan W. Robertson as chairman, president and CEO of Northern Trust Global Advisors, Inc. (NTGA), the manager-of-managers arm of Northern Trust Global Investments (NTGI).
"We are very fortunate to have a talented and experienced leader like Alan to execute on our growth strategies in the manager-of-managers business," said Rick Waddell, president and chief operating officer, Northern Trust. "Our manager-of-managers business is a critical part of our overall investment management strategy, and Alan brings the right mix of expertise and experience to this important role."
Robertson most recently served as group head, wealth advisory services, in Northern Trust's Personal Financial Services business. Previously, Alan was managing director, NTGI product management, marketing, and operations and technology, responsible for developing and managing the full array of Northern Trust's investment management products, investment marketing, and the operations and technology applications supporting the business. Prior to joining Northern Trust, Alan held various senior positions in the investment management business.
Additionally, Richard Bartholomew will serve as the interim CEO of Northern Trust Global Investments Limited (NTGIL), the non-U.S. investment management arm of NTGI, while we undertake a comprehensive internal and external search for the head of that business. With 19 years experience in the industry, Richard currently oversees NTGI strategy, business controls and risk management. Previously, he was head of product management for NTGI in London, London location manager for global securities lending, and the global securities lending London risk manager.
William T. Huffman, current chairman, president and CEO of NTGA, and CEO of NTGIL, has resigned for personal reasons.
About Northern Trust
Northern Trust Corporation is a leading provider of investment management, asset and fund administration, fiduciary and banking solutions for corporations, institutions and affluent individuals worldwide. Northern Trust, a multibank holding company based in Chicago, has a growing network of 85 offices in 18 U.S. states and has international offices in 13 locations in North America, Europe and the Asia-Pacific region. As of June 30, 2007, Northern Trust had assets under custody of US$4 trillion, and assets under investment management of US$766.5 billion. Northern Trust, founded in 1889, has earned distinction as an industry leader in combining high-touch service and expertise with innovative products and technology. For more information, visit http://www.northerntrust.com/.
