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Northern Trust Press Release


Northern Trust's Kelly R. Welsh Confirmed as General Counsel at U.S. Department of Commerce

Chicago, April 3, 2014 —

Northern Trust is pleased to announce that Kelly R. Welsh, Executive Vice President, General Counsel and a member of the Management Group since 2000, has been confirmed by the United States Senate to serve as General Counsel, Department of Commerce, and will resign effective Friday, April 4, to assume his new responsibilities.

"Kelly's extensive legal experience and business judgment have been instrumental in helping Northern Trust mitigate risk, ensure the highest standards of integrity, and grow our global business. He has been a trusted colleague and mentor to countless partners," Northern Trust Chairman and Chief Executive Officer Rick Waddell said. "Although we are sad to see him leave the company, we are very pleased President Obama nominated him and the U.S. Senate confirmed his nomination in recognition of his talent. We extend our sincere congratulations to Kelly and wish him all the best in future endeavors."

Welsh has been Northern Trust's lead attorney on significant legal matters, corporate governance, and oversight of compliance with financial services regulations affecting Northern Trust businesses around the world. As general counsel, he has played a critical role in advising Northern Trust's board of directors on their oversight responsibilities.

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.