Government & Public Entity

Senior Vice President - Head of International Sales & Servicing

Sunil Daswani is a Vice President at The Northern Trust Company's London Office. He is the Director and Regional Manager for Securities Lending (Asia), at Northern Trust Global Investments. His primary responsibility revolves around addressing and evaluating securities lending initiatives for lenders and borrowers where Northern Trust acts as an agent lender. Mr. Daswani additionally focuses on building the supply of Asian assets for Northern Trust's global securities lending program, ensuring that the due diligence is carried out when lending its clients assets in each jurisdiction.

Further, he is responsible for maintaining updated market information and knowledge through relationships with regional contacts that may influence or shape the markets in which Northern Trust lends securities.

He has twelve years of experience in the securities industry, of which the last four have been at Northern Trust. He previously spent seven years at Citigroup as a Global Custody product manager developing many products, including their web-based automated custody FX product, cash pooling products, and implementing a treasury middle office unit. Prior to this position, he spent some time in the treasury operations area at UBS.

In May 2005, Mr. Daswani accepted the position of Chairman for the Pan Asian Securities Lending Association (PASLA) for one year. He was re-elected in 2006 for a further year. In this role he ensures that the fellow members are kept updated on key industry events, coordinating as an industry, where necessary, responses to various international regulatory bodies on topical issues, discussion papers and general market issues.

Mr. Daswani has a B.Sc. (Economics) with Honours from the London School of Economics, University of London, where he majored in Accounting & Finance.

Head of International Sales and Client Services

Steven M. Cress is a Senior Vice President at Northern Trust - London. Steve is the Head of International Sales and Client Services for Northern Trust Global Investments ("NTGI") Limited, the asset management arm of Northern Trust. Steve is responsible for client services and the continued growth and development of Northern Trust's investment business in Europe, Middle East and Africa ("EMEA") and Asia Pacific ("APAC").

Steve brings approximately 22 years of investment and management expertise and joined Northern Trust in August 2007 as Head of International Sales and Client Services. Previously, Steve had been employed by Morgan Stanley for 14 years in a number of roles ranging from the Head of Quantitative Proprietary Trading to Sales and Client consulting to international trading. Steve also worked at Arnhold & S. Bleichroeder and Prudential in Institutional Equity Sales and as a Senior equity research analyst, respectively.

Head of International Sales and Client Services

Steven M. Cress is a Senior Vice President at Northern Trust - London. Steve is the Head of International Sales and Client Services for Northern Trust Global Investments ("NTGI") Limited, the asset management arm of Northern Trust. Steve is responsible for client services and the continued growth and development of Northern Trust's investment business in Europe, Middle East and Africa ("EMEA") and Asia Pacific ("APAC").

Steve brings approximately 22 years of investment and management expertise and joined Northern Trust in August 2007 as Head of International Sales and Client Services. Previously, Steve had been employed by Morgan Stanley for 14 years in a number of roles ranging from the Head of Quantitative Proprietary Trading to Sales and Client consulting to international trading. Steve also worked at Arnhold & S. Bleichroeder and Prudential in Institutional Equity Sales and as a Senior equity research analyst, respectively.

Head of International Sales and Client Services

Steven M. Cress is a Senior Vice President at Northern Trust - London. Steve is the Head of International Sales and Client Services for Northern Trust Global Investments ("NTGI") Limited, the asset management arm of Northern Trust. Steve is responsible for client services and the continued growth and development of Northern Trust's investment business in Europe, Middle East and Africa ("EMEA") and Asia Pacific ("APAC").

Steve brings approximately 22 years of investment and management expertise and joined Northern Trust in August 2007 as Head of International Sales and Client Services. Previously, Steve had been employed by Morgan Stanley for 14 years in a number of roles ranging from the Head of Quantitative Proprietary Trading to Sales and Client consulting to international trading. Steve also worked at Arnhold & S. Bleichroeder and Prudential in Institutional Equity Sales and as a Senior equity research analyst, respectively.

Head of International Sales and Client Services

Steven M. Cress is a Senior Vice President at Northern Trust - London. Steve is the Head of International Sales and Client Services for Northern Trust Global Investments ("NTGI") Limited, the asset management arm of Northern Trust. Steve is responsible for client services and the continued growth and development of Northern Trust's investment business in Europe, Middle East and Africa ("EMEA") and Asia Pacific ("APAC").

Steve brings approximately 22 years of investment and management expertise and joined Northern Trust in August 2007 as Head of International Sales and Client Services. Previously, Steve had been employed by Morgan Stanley for 14 years in a number of roles ranging from the Head of Quantitative Proprietary Trading to Sales and Client consulting to international trading. Steve also worked at Arnhold & S. Bleichroeder and Prudential in Institutional Equity Sales and as a Senior equity research analyst, respectively.

Senior Vice President, Director of Cash & Fixed Income Product Management

David Rothon is a Senior Vice President at Northern Trust Global Investments and the Director of Cash & Fixed Income Product Management. He has over ten years of industry experience, having joined Northern Trust in 2004.

David was previously a Fund Manager in the Global Fixed Income team at Northern Trust and prior to that worked at PIMCO Europe Limited. David holds a bachelor’s degree in Accounting and Financial Management with a diploma in Industrial Studies from Loughborough University.

He holds the Investment Management Certificate, Investment Administration Qualification Merit Award and is an Associate (ASIP) of the UK Society of Investment Professionals.

Head of International Sales and Client Services

Steven M. Cress is a Senior Vice President at Northern Trust - London. Steve is the Head of International Sales and Client Services for Northern Trust Global Investments ("NTGI") Limited, the asset management arm of Northern Trust. Steve is responsible for client services and the continued growth and development of Northern Trust's investment business in Europe, Middle East and Africa ("EMEA") and Asia Pacific ("APAC").

Steve brings approximately 22 years of investment and management expertise and joined Northern Trust in August 2007 as Head of International Sales and Client Services. Previously, Steve had been employed by Morgan Stanley for 14 years in a number of roles ranging from the Head of Quantitative Proprietary Trading to Sales and Client consulting to international trading. Steve also worked at Arnhold & S. Bleichroeder and Prudential in Institutional Equity Sales and as a Senior equity research analyst, respectively.

Head of International Sales and Client Services

Steven M. Cress is a Senior Vice President at Northern Trust - London. Steve is the Head of International Sales and Client Services for Northern Trust Global Investments ("NTGI") Limited, the asset management arm of Northern Trust. Steve is responsible for client services and the continued growth and development of Northern Trust's investment business in Europe, Middle East and Africa ("EMEA") and Asia Pacific ("APAC").

Steve brings approximately 22 years of investment and management expertise and joined Northern Trust in August 2007 as Head of International Sales and Client Services. Previously, Steve had been employed by Morgan Stanley for 14 years in a number of roles ranging from the Head of Quantitative Proprietary Trading to Sales and Client consulting to international trading. Steve also worked at Arnhold & S. Bleichroeder and Prudential in Institutional Equity Sales and as a Senior equity research analyst, respectively.

Senior Vice President

Sue Baines is Head of GFS sales for Northern Trust in EMEA. This team is responsible for selling the bank's asset servicing, administration and outsourcing products to investment managers and institutions.

Before joining Northern Trust in 2005, Sue was Deputy Head of Sales at Clearstream in Luxembourg  following a role in Strategic Planning. Prior to that she spent 12 years at Barclays, specialising in securities at Barclays Global Securities Services and subsequently as Head of Customer Relations at Barclays Insurance.

Sue has an MA in Mathematics from Oxford University.  She was founder Chairperson of what is now the International Capital Market Services Association, is an Associate of the Chartered Institute of Bankers and a member of the UK Society of Investment Professionals.

Contact details: Email: sb115@ntrs.com Tel: +44 (0)20 7982 2239  Mobile: +44 (0)783 4511 942

Global Head of IRAS

Jim Trotter has worked in the performance and risk industry for over 20 years and joined Northern Trust in February 2005 to head up the Investment Risk and Analytical Services team in London, looking after Northern's EMEA custody and outsourced client base taking performance measurement, market risk and compliance monitoring services. Jim was promoted to Global Deputy Head in June 2007 and to Global Head in early 2009.

Prior to joining, Jim worked for Investit for two years- a specialist consultancy firm, who work exclusively with the investment management industry. At Investit, Jim was the author of research papers in 2004 on the outsourcing of performance measurement capabilities from asset managers to third party sources and also produced a number of leading Performance Measurement & Risk surveys.

From 1998 to 2003 Jim worked at Merrill Lynch Investment Managers (MLIM) in London, ending his tenure there as the head of the performance and portfolio analysis team from 2000 onwards. Prior to joining MLIM, Jim worked for over ten years as a Client Manager for the WM Company in Edinburgh, looking after client relations with Investment Manager and Pension Trustee clients of WM. Jim was also an IMA representative on the NAPF UK Investment Performance Committee (UKIPC) for Performance Standards and a member of the IMA Investment Performance Working Group until early 2003.

Senior Vice President

Sue Baines is Head of GFS sales for Northern Trust in EMEA. This team is responsible for selling the bank's asset servicing, administration and outsourcing products to investment managers and institutions.

Before joining Northern Trust in 2005, Sue was Deputy Head of Sales at Clearstream in Luxembourg  following a role in Strategic Planning. Prior to that she spent 12 years at Barclays, specialising in securities at Barclays Global Securities Services and subsequently as Head of Customer Relations at Barclays Insurance.

Sue has an MA in Mathematics from Oxford University.  She was founder Chairperson of what is now the International Capital Market Services Association, is an Associate of the Chartered Institute of Bankers and a member of the UK Society of Investment Professionals.

Contact details: Email: sb115@ntrs.com Tel: +44 (0)20 7982 2239  Mobile: +44 (0)783 4511 942

Executive Vice President

Based in London, Penelope is head of business development, marketing, product and strategy for Northern Trust's business in EMEA.

In this capacity, Penelope runs teams located across the EMEA region. These teams are responsible for distributing the bank's asset servicing and asset management products to institutional and high net worth investors. She is also head of Northern Trust's Retirement Solutions Practice, an advisory group dedicated to helping institutions navigate the complexities of the global retirement market.

Before taking on this role, Penelope was head of global business development for asset servicing. Prior to that she was Head of Corporate & Institutional Services, EMEA and General Manager of Northern Trust's branch in London. She was also responsible for Northern Trust's businesses in Luxembourg and Dublin.

Before joining Northern Trust in 1996, Penelope held a variety of sales and relationship management positions at Barclays Global Securities Services, Midland Securities Services and Chase Manhattan.

Senior Vice President

Peter manages the foreign exchange and balance sheet exposures of the London branch. He coordinates the offering of foreign exchange and investment services to clients, working closely with the Chicago and Singapore offices to deliver global product capability. Peter ensures that the London branch operates within the policies and guidelines as set forth by the Bank of England and U.S. regulatory authorities.

Previously, Peter spent ten years with First Chicago, first as chief foreign exchange manager and then as manager of the Institutional Trading and Marketing group responsible for servicing investment managers. Peter has also worked as a foreign exchange manager for Dresdner Bank in New York and a senior foreign exchange trader for Citibank in London, with assignments in Athens, Copenhagen and New York trading rooms.

Senior Vice President

Prior to joining Northern Trust, he was President an Chief Operating Officer of internet broker Wingspan Investment Services, Inc., a Bank One company. Prior to its merger with Bank One, Mr. Ransford served as First Chicago NBD's chief technology officer for its retail investment subsidiaries First Chicago NBD Investment Services and Roney & Co. He has developed several leading brokerage web sites including Wingspan, Bank One's OneInvest and its predecessor First Chicago NBD Online Brokerage.

Ransford has spent his 29-year career in the brokerage industry. Prior to joining Northern Trust in 2000, he held various management positions with Bank One, Fidelity Investments and Prudential Securities.