Over the last five years Northern Trust's (Nasdaq: NTRS) global transition management business has recorded transition volume growth of more than 50 percent.
The growth reflects the strategic importance of transition management at Northern Trust as well as the market's response to Northern Trust's transparent, client-centric approach.
"Northern Trust's core focus has long been asset servicing and asset management, and our transition management team serves as a very effective bridge between the two," said Corporate & Institutional Services President Steven L. Fradkin. "We remain committed to the global transition management business, reflecting its role as an integral service. Our focus remains centered on adding value to our clients by providing unique and innovative solutions to meet the evolving demands of the market."
Northern Trust has provided transition management services for over 25 years and was named transition management provider of the year in the Custody Risk Americas awards in 2013 and 2012. Northern Trust utilizes the trading and operations expertise of a global team to implement client asset restructures and is a trusted partner to clients, particularly considering complex events in uncertain times.
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 states, Washington, D.C., and 18 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of December 31, 2013, Northern Trust had assets under custody of US$5.6 trillion, and assets under investment management of US$884.5 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 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
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