Northern Trust announced today it has designated $150,000 to Typhoon Haiyan relief efforts through the American Red Cross. It also has committed to match employee donations worldwide to support relief efforts.
"We at Northern Trust are deeply saddened by the tragedy in the Philippines and hope that our financial support will contribute to bringing assistance as quickly as possible to the survivors in the wake of this disaster," Northern Trust Chairman and Chief Executive Officer Frederick H. Waddell said. "Northern Trust is grateful to the efforts of emergency aid organizations helping people in the Tacloban region begin the long process of recovery."
Northern Trust gave nearly $15 million to charities and civic organizations worldwide in 2012, and more than $70 million during the last five years.
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 U.S. states and 18 international locations in North America, Europe, the Middle East and the Asia-Pacific region. As of September 30, 2013, Northern Trust had assets under custody of US$5.2 trillion, and assets under investment management of US$846.2 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.