Northern Trust Provides Support to Haiti
We have been deeply saddened by the devastating earthquake in Haiti. In support of the disaster relief efforts, Northern Trust made a corporate donation to the American Red Cross — International Response Fund. This money will help the American Red Cross provide critical relief to the survivors in Haiti, including water, food and shelter. Northern Trust has also established a Haitian Relief Matching Gift Program through which the company will match dollar-for-dollar any donations made by current Northern Trust employees to the American Red Cross — International Response Fund.
New Board Member and Advisory Director for Northern Trust Corporation
Northern Trust Corp. announced in October 2009 that Robert W. Lane, chairman of the board of Deere & Company, was elected to its board of directors, effective November 1, 2009.
Additionally, the board appointed Sir John R. H. Bond, former Group Chairman of HSBC Holdings and current Chairman of Vodafone Group Plc, to serve as an advisory director to the board, also effective November 1, 2009.
Lane has served as chairman of the board of Deere & Company since 2000, and served as chief executive officer from 2000 through 2009. Following an early career in global banking, Lane joined John Deere in 1982. His previous roles at Deere included serving as president and chief operating officer of Deere Credit, Inc.; chief financial officer of the corporation; and president and chief operating officer.
Lane also serves on the boards of General Electric Company, Verizon Communications Inc., BMW AG and the University of Chicago. He is an honorary director of the Lincoln Park Zoo, Chicago, a national director of the Lyric Opera of Chicago, and a member of the Trilateral Commission and the Council on Foreign Relations.
Bond became Chairman of Vodafone Group Plc in 2006. He was Group Chairman of HSBC Holdings Plc from 1998 through 2006, when he stepped down after a 45-year career with HSBC. Sir John joined The Hong Kong and Shanghai Banking Corporation Limited in 1961 and has extensive banking experience in Asia, the United States and Europe. He became Group Chief Executive of HSBC Holdings in 1993 and Group Chairman in 1998.
His previous appointments include non-executive director of Ford Motor Company from 2000 to 2008, London Stock Exchange from 1994 to 1999, British Steel Plc from 1994 to 1998 and Orange Plc from 1996 to 1999; he also was on the Court of the Bank of England from 2001 to 2004. He was Chairman of the Institute of International Finance, Washington DC from 1998 to 2003 and was elected President of the International Monetary Conference in 2002. His knighthood was conferred for services to banking in the Queen’s Birthday Honors in 1999.
New Division Focuses on Professional Athletes
In 2009, David Highmark was named Managing Director of a newly formalized national Professional Athletes Division. The division focuses on the financial needs of athletes, coaches, sports agents and franchise executives.
Based in the Phoenix office, Highmark has advised professional athletes and sports managers throughout his 24-year career at Northern Trust, having gained insight into the lives of athletes and their financial affairs while pitching for the Baltimore Orioles organization. He is responsible for leading the companyís outreach efforts among the sports community. More than 300 professional athletes from around the country have utilized the firmís private banking, financial planning, investment management and trust and estate planning services.