Northern Trust Hires David Lester to Lead Asset Management Sales in Canada


    



    
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<p><location>TORONTO</location>, <chron>Sept. 29</chron> /CNW/ -- Northern Trust announced today it has appointed <person>David Lester</person> as head of the institutional sales effort for asset management at NT Global Advisors, Inc., <location>Canada</location>. Lester comes to Northern Trust from SEI Investments and his primary focus will be on manager-of-managers investment products, including total investment management and administrative outsourcing solutions, for Canadian pension plans, charitable organizations, and other institutions. In addition, Lester will have responsibility for marketing Northern Trust's broad array of investment capabilities, including global index and alternative investment products.</p>
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<p>"David is an experienced professional with a lot of credibility in the Canadian marketplace, and we are thrilled to have him lead the business development efforts for our multi-manager investment solutions," said <person>Robert Baillie</person>, president and chief executive officer of NT Global Advisors, Inc., <location>Canada</location>. "As more institutions look at options for managing risks and costs amid volatile markets, David's expertise in building customized, comprehensive investment outsourcing solutions will be valuable to both Northern Trust and our clients."</p>
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<p>Lester has more than 14 years of investment experience, most recently as director of national accounts for SEI <location>Canada</location>. During his career, Lester has authored a range of articles on pension-related topics in addition to speaking at industry conferences. Lester is a past chair of the Ontario Regional Council of the Canadian Pension Benefits Institute, and is a member of the <location>Toronto</location> CFA Society.</p>
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<p>Northern Trust has more than 29 years of experience managing external investment managers through its multi-manager arm, Northern Trust Global Advisors, Inc. (NTGA), which has <money>$34 billion</money> CAD under management for institutional and personal clients. Having investments with more than 200 external managers worldwide, NTGA solutions range from retail mutual funds and alternative asset classes to Emerging Manager programs and total investment program management for institutions and affluent individuals and families.</p>
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<p>Northern Trust Global Investments (NTGI) is the multi-asset class investment management business of Northern Trust Corporation. NTGI comprises Northern Trust Investments, N.A., Northern Trust Global Investments Limited, Northern Trust Global Investments <location>Japan</location>, K.K., the investment advisor division of The Northern Trust Company and Northern Trust Global Advisors, Inc. and its subsidiary NT Global Advisors, Inc.</p>
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    About Northern Trust
    
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<p>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 <location>Chicago</location>, has offices in 18 U.S. states and 16 international locations in <location>North America</location>, <location>Europe</location>, the <location>Middle East</location> and the Asia-Pacific region. As of <chron>June 30, 2009</chron>, Northern Trust had assets under custody of US$3.2 trillion, and assets under investment management of US$558.9 billion. For 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 <a href="http://www.northerntrust.com">www.northerntrust.com</a>.</p>
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<p>The Northern Trust Company operates in <location>Canada</location> as The Northern Trust Company, <location>Canada</location> Branch which is an authorized foreign bank branch under the Bank Act (<location>Canada</location>).   Trustee related services in <location>Canada</location> are provided by the wholly owned subsidiary The Northern Trust Company, <location>Canada</location>, an authorized trust company under the Trust & Loans Companies Act (<location>Canada</location>). Deposits with The Northern Trust Company and its affiliates and subsidiaries are not insured by the <location>Canada</location> Deposit Insurance Corporation.</p>
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For further information: For further information: EMEA, Camilla Greene, +44 (0) 20 7982 2176, cg81@ntrs.com, or North America & Asia-Pacific, John O'Connell, +1-312-444-2388, jo45@ntrs.com, or Kathleen Fitzgerald, +1-312-444-3094, kdf2@ntrs.com, all of Northern Trust Web Site: http://www.northerntrust.com

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