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Northern Trust Selects 11 Firms for Emerging Broker ProgramCHICAGO --(Business Wire)-- Northern Trust has selected 11 firms owned by minorities, women and disabled veterans for its list of equity and fixed income broker-dealers. The firms, which were selected for one or more asset classes, based on a number of quantitative and qualitative selection criteria including execution capabilities, technology platforms and performance, are:
"We are pleased to establish and build on our relationships with emerging broker-dealers that have demonstrated expertise, financial strength and rigorous compliance and risk management processes," said Don Pollak, Managing Director of Investment Relaionship Management for Northern Trust Asset Management. "Client expectations for best execution keep increasing, and these firms continue to improve their capabilities in a highly competitive environment." The firms were selected by Northern Trust executives from a group of 32 broker-dealers that responded to a request for information. Northern Trust went through a similar selection process in 2011, 2009 and 2007. Northern Trust is dedicated to building strategic relationships with emerging broker-dealers. Northern Trust's diversity commitment also includes its Emerging Managers Program, which invests approximately $5.5 billion with 38 emerging and minority-owned investment management firms through manager-of-manager programs, as of June 30, 2014. About Northern Trust Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of asset servicing, fund administration, asset management, fiduciary, and banking solutions for corporations, institutions, families, and individuals worldwide. Chicago-based Northern Trust has offices in 19 states, Washington, D.C., and 20 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of September 30, 2014, Northern Trust had assets under custody of US$5.9 trillion, and assets under investment management of US$923.3 billion. For 125 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 and follow us on Twitter (News - Alert) @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 http://www.northerntrust.com/disclosures.
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