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Northern Trust Appoints Bo Thulin as Country Head, Nordics

Northern Trust (Nasdaq: NTRS) announced today that it has hired Bo Thulin to lead its Nordic business.

Based in Stockholm, Thulin is responsible for managing the growth and development of Northern Trust’s asset servicing and asset management business activities across Sweden, Finland, Norway and Denmark. He will report to Penelope Biggs, head of the Institutional Investor Group for Europe, Middle East and Africa (EMEA), at Northern Trust.

Thulin joins Northern Trust from JP Morgan where he was most recently head of the bank’s investor services business in Sweden and Norway. During his career spanning more than 30 years, he has held several management positions in sales, relationship management and product development. He holds an MBA from Uppsala University.

“We are delighted to appoint Bo to lead our Nordic office,” said Biggs. “His experience and in-depth knowledge of the Nordic market will be crucial to ensuring we remain well-positioned to deliver first-class asset servicing and asset management solutions to meet the unique needs of our Nordic clients,” said Biggs. “Since opening our Stockholm office in 2009, we have seen a 60 percent rise in assets under custody and a 400 percent rise in assets under management, and under Bo’s leadership will continue this momentum, working with our clients to deliver tailored solutions that meet their needs.”

Northern Trust has offered innovative and sophisticated asset servicing solutions to institutional investors across the region for close to 20 years. In 2010 it announced it would also offer asset management solutions directly from its Stockholm office to clients across the region. It currently services 30 percent of the top 30 Nordic pension funds and pension insurers.

“Northern Trust works with some of the most sophisticated institutional funds and investment managers in the Nordic region and we understand their unique requirements – such as for tools that support their ability to have oversight and governance over their investments, and help in meeting new regulatory requirements,” said Thulin. “I’m pleased to join Northern Trust at this time, and look forward to combining our global expertise and local market experience to support our clients across the Nordic region.”

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 September 30, 2015, Northern Trust had assets under custody of US$6 trillion, and assets under management of US$887 billion. 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 http://www.northerntrust.com/disclosures .

Contact:

Northern Trust
Europe, Middle East, Africa & Asia-Pacific Contact:
Camilla Greene
+44 0 207 982-2176
Camilla_Greene@ntrs.com
or
US & Canada Contact :
Tim Hacker
+1 312 557 6090
Tim_Hacker@ntrs.com

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