CHICAGO–(BUSINESS WIRE)–Northern Trust (Nasdaq: NTRS) announced today it has issued a Request
for Information (RFI) to identify equity and fixed income emerging
broker-dealers to provide trade execution services for its multi-asset
class investment management business, Northern Trust Asset Management.
“For more than a decade, our emerging brokers initiative has helped
Northern Trust Asset Management build mutually beneficial relationships
with firms owned by women, minorities and people with disabilities,”
said Connie Lindsey, executive vice president and head of Corporate
Social Responsibility and Global
Diversity & Inclusion at Northern Trust. “Today’s RFI renews our
commitment to a diverse trading and execution network for our global
RFI responses are due to Northern Trust by 5 p.m. Central Time on March
31, 2017. Northern Trust will host a public forum at its Chicago
headquarters on February 22, 2017 to provide applicants with additional
insight into the selection process. The process is expected to be
completed in the third quarter of 2017. In addition to ownership
structure, broker-dealers will be evaluated based on Northern Trust’s
rigorous requirements for execution, technology, compliance and
Northern Trust is dedicated to building strategic relationships with
minority-, women-, and disabled-owned broker-dealers, including
securities underwriting and participation in debt issuance. Northern
Trust’s diversity commitment also includes its Emerging Managers
Program, which invests approximately $2.9 billion with more than 30
emerging and minority-owned investment management firms through
manager-of-manager programs, as of September 30, 2016.
About Northern Trust Asset Management
Northern Trust is a global
asset management firm serving institutional and individual investors in
29 countries, with $942 billion in assets under management as of
December 31, 2016. Northern Trust Asset Management offers proprietary
and multi-manager solutions across all markets and asset classes, from
passive to actively managed strategies, delivered in multiple vehicles.
For more information, please visit our website
or follow us on Twitter @NTInvest.
Northern Trust Asset Management is composed of Northern Trust
Investments, Inc., Northern Trust Global Investments Limited, 50 South
Capital Advisors, LLC, 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
wealth management, asset servicing, asset management and banking to
corporations, institutions, affluent families and individuals. Founded
in Chicago in 1889, Northern Trust has offices in the United States in
19 states and Washington, D.C., and 22 international locations in
Canada, Europe, the Middle East and the Asia-Pacific region. As of
December 31, 2016, Northern Trust had assets under custody of US$6.7
trillion, and assets under management of US$942 billion. For more than
125 years, Northern Trust has earned distinction as an industry leader
for exceptional service, financial expertise, integrity and innovation.
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 https://www.northerntrust.com/disclosures.