Northern Trust Bolsters Outsourced CIO Capabilities

  Northern Trust Bolsters Outsourced CIO Capabilities

   Portfolio and Pension Expertise Added with Multi-Manager Solutions Hires

Business Wire

CHICAGO -- February 26, 2013

In response to rising demand from both corporate and not-for-profit clients,
Northern Trust has added senior expertise in outsourced chief investment
officer (OCIO) services to its Multi-Manager Solutions group.

Professionals with experience in corporate pension management, investments and
consulting have joined in recent weeks, adding to an established Multi-Manager
Solutions team with more than $37 billion in assets under management and $40
billion in assets under advisory for institutional and wealth management
clients. New hires include:

  *Eric Peterson, senior program manager,  will work with defined benefit,
    defined contribution and Taft-Hartley retirement plan clients on
    investment strategy. He is a former managing director of public markets
    for Boeing's Trust Investment Group, where he was responsible for defined
    benefit pension assets and was instrumental in implementing a
    liability-driven investment strategy.
  *Kim Matthews, pension risk strategist, will support corporate pension
    clients with actuarial consulting. She worked most recently with Aon
    Hewitt in an actuarial role.
  *Mark Meisel, senior portfolio specialist, will work closely with the
    multi-manager investment team servicing institutional and private clients
    on investment strategy. He brings experience at Citi and UBS in manager
    research, investment strategy, and product management.
  *Brian O'Hara, portfolio manager, will design, structure and implement
    multi-manager portfolios for institutional clients. He joins from IBM,
    where he was a portfolio manager with experience investing for both
    defined benefit and defined contribution plans.

“We have been delivering outsourced investment management for 30 years, and
the need for these services is only increasing as investment challenges become
more complex and strategies change,” said Joseph W. McInerney, head of
Multi-Manager Solutions at Northern Trust. “These four experienced
professionals bring further depth to our multi manager solutions team so we
can continue to provide our clients with exceptional investment solutions and
service without compromising our process.”

Northern Trust invests with more than 200 external managers worldwide,
including specialists across the spectrum of traditional and alternative asset
classes and strategies. Solutions developed recently to meet the changing
needs of investors include Emerging Markets debt strategies; risk oversight
for environmental, social and governance (ESG) factors; and the Northern
Multi-Manager Global Listed Infrastructure Fund (NMFIX), launched in September
2012 to bolster clients' real asset portfolios. Multi-Manager Solutions also
has extensive capabilities with emerging manager programs and total investment
program management, or OCIO, for institutional clients.

“Our disciplined innovation process matches the expertise of a global
investment manager platform with the evolving needs of corporations,
not-for-profit organizations, family offices and other investors,” said Chris
Vella, Chief Investment Officer for Northern Trust Multi-Manager Investments.
“Strong investment research and portfolio management teams are the foundation
of our process, and these key additions demonstrate Northern Trust's steadfast
commitment to this flagship capability within our asset management business.”

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.

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 December 31, 2012, Northern
Trust had assets under custody of US$4.8 trillion, and assets under investment
management of US$758.9 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.

Northern Multi-Manager Global Listed Infrastructure Fund — Investing involves
risk including the potential loss of principal. Infrastructure companies may
not realize projected revenue volumes due to: cost overruns; changes in terms
making a project no longer economical; macroeconomic factors may raise the
average cost of funding; government regulation; government budgetary
constraints; special tariffs and/or changes in tax law and unfavorable
accounting standards. Please refer to the prospectus for more information on
risks applicable to this fund.

Please carefully read the prospectus and summary prospectus and consider the
investment objectives, risks, charges and expenses of Northern Funds before
investing. Call 800-595-9111 to obtain a prospectus and summary prospectus,
which contains this and other information about the funds.

Northern Funds are distributed by Northern Funds Distributors, LLC,not
affiliated with Northern Trust.

Contact:

Northern Trust Corporation
John O’Connell, 312-444-2388
John_O'Connell@ntrs.com
or
Bailey Madden, 312-557-1314
Bailey_Madden@ntrs.com
http://www.northerntrust.com
 
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