Work for Northern Trust Company

Northern Trust has maintained an office in the UK for over 30 years and today employs in excess of 650 professional staff based in the City of London. Whilst our head office is located in Chicago, London is home to our global custody operations centre and offers institutional clients the full range of asset administration services.

All international processing for our custody clients takes place in London. This encompasses areas such as:

• Corporate actions
• Derivatives
• Income
• Pricing
• Proxy Voting
• Reconciliations
• Tax recovery
• Trade settlement
• Transitions

To complement these core functions and to assist our clients' ever-increasing investment requirements, a number of key global custody related services are also carried out from our London centre. These include:

• Client and investment manager servicing
• Foreign exchange services
• Investment accounting
• Investment management
• On-line reporting
• Performance measurement
• Product development
• Risk management
• Securities lending
• Sub-custodian network management
• Treasury services

Our global custody business continues to serve pension funds, investment managers, insurance companies, multinational organisations and supranationals located all around the world. Our philosophy and strategy as a company is to deliver high value, technology-driven, fiduciary, investment and banking services with a strong relationship focus. We will continue to devote significant financial resources to this core activity in order to maintain our position as a leading provider of global custody services for corporate and institutional investors.

A Career with Northern Trust

Northern Trust believes that there are several key aspects of maintaining a satisfied committed staff, each of equal importance:

• one is to provide regular feedback on performance
• another is to regularly seek out the thoughts and opinions of the employees
• the third is training and career opportunities and
• the fourth is pay and benefits

Northern Trust is a quality employer with a long serving highly motivated and skilled work force. It is this commitment to our employees, which is recognised in the marketplace. This helps us recruit new staff of the highest calibre and maintain long-standing mutually beneficial relationships with them over many years. (This is reflected in the fact that Northern Trust has recently been awarded Investors in People, the only Global Custodian within the City of London to achieve this honour. We have also been awarded, for the second year running, Custodian of the Year. )

As evidence of this, Northern Trust is the only global custodian to achieve the prestigious 'Investor in People' award. Investor in People is a national quality standard which sets a level of good practice for improving an organisation's performance through its people. We believe that successfully receiving accreditation from the Investor in People committee underlines our commitment to our staff, to our clients and to the UK custody market.

Furthermore, 'Professional Pensions', one of the leading industry publications, has voted Northern Trust its 'Custodian of the Year' for 2001. This was also the case for the inaugural presentation of the award in 2000.

www.ntrs.com