James MacDonald Names Northern Trust Chief Investment Strategist

Northern Trust has named James MacDonald as chief investment strategist. He previously was director of equity research.

PRESS RELEASE

Northern Trust (Nasdaq: NTRS) announced today that James D. McDonald has been named Chief Investment Strategist. In this newly created position, McDonald is responsible for making strategic and tactical investment recommendations and communicating the firm’s strategy to its individual and institutional clients. He previously served as Director of Equity Research, overseeing a team of 17 research analysts.

McDonald reports to Northern Trust Chief Investment Officer Robert P. Browne. “We are pleased to recognize Jim for his leadership and adept insight into financial markets, as well as his strong communication abilities,” said Browne. “As we continue to face extreme volatility in the global economy, Jim’s expertise will be instrumental in setting our course and communicating with clients the Northern Trust view of global market events.”

With more than 15 years’ experience in equity research, McDonald has been quoted for his market perspective in numerous media outlets including The Wall Street Journal, The New York Times, Associated Press, Reuters and CNBC. He will continue to serve as an expert resource available for market commentary.

McDonald will also retain his role on Northern Trust committees overseeing investment policy, private equity investment and tactical asset allocation, as well as serving as trustee of the NT Alpha Strategies Fund.

Prior to joining Northern Trust in 2001, McDonald was Director of Research at ABN AMRO in New York and Chicago.

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of investment management, asset and fund administration, fiduciary and banking solutions for corporations, institutions and affluent individuals worldwide. Northern Trust, a financial holding company based in Chicago, has a growing network of 85 offices in 18 U.S. states and has international offices in 15 locations in North America, Europe, the Middle East and the Asia-Pacific region. As of December 31, 2008, Northern Trust had assets under custody of US$3.0 trillion, and assets under investment management of US$575.5 billion. Northern Trust, founded in 1889, has earned distinction as an industry leader in combining exceptional service and expertise with innovative products and technology. For more information, visit http://www.northerntrust.com.