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Northern Trust Press Release

 
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Northern Trust Asset Management Strengthens Leadership Team for Funds and Institutional Clients

Chicago, May 28, 2014 —

Northern Trust Asset Management today announced two leadership appointments to strengthen its focus on strategic priorities and increase alignment of investment sales and servicing activities around key growth channels.

Shundrawn A. Thomas, who has led the successful launch of the Flexshares exchange-traded fund (ETF) business over the past three years, will expand his responsibilities to oversee all fund activities, including Northern Funds, Northern Institutional Funds and financial intermediary distribution.

Jason J. Tyler, currently Northern Trust's Head of Corporate Strategy and Market Development, will join the Asset Management business as Head of Client Solutions, with oversight of institutional sales, client relationship management and advisory services, including the Outsourced Chief Investment Officer (OCIO) practice.

"We are pleased to announce these organizational changes, which align our Asset Management activities with strong growth potential under dynamic and strategic leadership," said Stephen N. Potter, President of Northern Trust Asset Management. "Shundrawn Thomas has taken an entrepreneurial approach to develop one of the fastest-growing ETF families in the world, while Jason Tyler has broad experience in asset management and financial services. With their shared background as strategy leaders at Northern Trust, Shundrawn and Jason bring substantial experience and expertise to these positions."

Thomas, Executive Vice President and Managing Director of FlexShares, will focus on distribution of ETFs and mutual funds through financial advisors and other intermediary channels. He has 20 years of industry experience and has led FlexShares since 2011, when the ETF business was formed and launched its first funds. FlexShares now manages 15 ETFs, with more than $8 billion in assets under management. Previously, Thomas held senior level positions at Northern Trust including President and Chief Executive of Northern Trust Securities, Inc., and Head of Corporate Strategy.  Prior to joining Northern Trust, he worked at Goldman Sachs and Morgan Stanley in sales, trading and research positions. He received a bachelor's degree in accounting from Florida A&M University and an MBA with concentrations in finance and accounting from the University of Chicago Booth School of Business.

Tyler has been Senior Vice President and Head of Corporate Strategy since joining Northern Trust in 2011. In this capacity, he coordinates strategic planning and merger and acquisition activity for the company. With 21 years of financial services experience, Tyler came to Northern Trust from Ariel Investments, where he served as Director of Research Operations for the mutual fund firm. Previously, he was a manager in corporate planning at Bank One/American National Bank in Chicago. He earned an A.B. from Princeton University and an MBA from University of Chicago Booth School of Business.

Asset Management at Northern Trust comprises Northern Trust Investments, Inc., Northern Trust Global Investments Limited, Northern Trust Global Investments Japan, K.K., NT Global Advisors, Inc. and investment personnel of The Northern Trust Company of Hong Kong Limited and The Northern Trust Company.

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 March 31, 2014, Northern Trust had assets under custody of US$5.8 trillion, and assets under investment management of US$915.4 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

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

The FlexShares Funds, registered with the United States Securities and Exchange Commission under the Investment Company Act of 1940 ("Funds") are distributed by Foreside Fund Services, LLC, not affiliated with Northern Trust.

Carefully consider the FlexShares Funds' investment objectives, risk factors, charges and expenses before investing. This and other information can be found in the prospectus, which may be obtained by calling 1-855-353-9383 (1-855 FlexETF) or by downloading a Prospectus. Read the prospectus carefully before investing; investing involves risk, including possible loss of principal.

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