Northern Trust Establishes EU Bank in Luxembourg and Celebrates 50 Years in EMEA

Northern Trust (Nasdaq: NTRS) has today established its EU bank in
Luxembourg, marking a significant milestone in the expansion of the
companya??s 50-year presence across Europe, Middle East and Africa (EMEA).

The establishment of Northern Trust Global Services Societas Europaea
(NTGS SE) underscores Northern Trusta??s strategic focus and growth
strategy in continental Europe. Headquartered in Luxembourg and with
branches in the UK, Netherlands, Sweden and Abu Dhabi, Northern Trusta??s
EU bank will ensure continuity of the financial institutiona??s global
products and services after the UK leaves the European Union. Northern
Trusta??s EMEA headquarters will remain in London, UK.

Northern Trust Corp. Chairman and Chief Executive Officer Michael
commented: "2019 is a milestone year for Northern Trust. It
marks both the establishment of our EU bank in Luxembourg and half a
century since we opened our London office, the first Northern Trust
office outside North America.a??

Northern Trust President EMEA Teresa Parker said: "As an
industry, we have seen tremendous change over the last 50 years. Our
clients face increased pressure to generate returns and enhance
efficiencies against the backdrop of challenging markets, cost and
regulatory change. With the establishment of our Luxembourg-based bank,
which is backed by the strength, scale and 130-year heritage of a global
organization and underpinned by continuous technological innovation, we
are exceptionally well placed to support our clientsa?? future goals and

Northern Trusta??s presence in Luxembourg has grown steadily since it was
first established in 2004. Following the companya??s 2017 acquisition of
the fund administration servicing units of UBS Asset Management in
Switzerland and Luxembourg, Northern Trust laid a foundation for
strategic growth in Luxembourg, the largest funds distribution centre
outside of the US. Today, Northern Trust is a top 10 fund administrator
in Luxembourg and a leading fund administrator in Switzerland, with
complementary fund administration centres of excellence in Dublin,
Guernsey and Limerick.
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