September 2008

CUSTODY 2008: Northern Trust Directory

NORTHERN TRUST
Northern Trust
50 Bank Street, London E14 5NT, UK
Tel: +44 (0)20 7982 2000
Fax: +44 (0)20 7982 2002
Web: www.northerntrust.com

Country of origin: United States
Operating in Europe: 39 years

Senior executives:
Biff Bowman (London)   Executive VP, EMEA Regional Head
Penny Biggs (London)   Executive VP Head of C&IS Global Business Development
Damian Powell (London)   Senior VP, Head of Institutional Sales

Business Split: Custody represents 52% (year ending 2007) of Corporate & Institutional Services division revenues
Parent’s other main business lines:
                       Fund Administration                       
                       Asset Management (NTGI)
                       Wealth Management          

European subcustody arrangements:
AUT    Bank Austria Creditanstalt A.G.
BEL    ING Belgium SA/NV
BUL    ING Bank N.V.
CRO   Bank Austria Creditanstalt A.G.
CZE    UniCredit Bank Czech Republic a.s.
DEN   Nordea Bank Danmark A/S
EST    AS Hansapank
FIN      Nordea Bank Finland plc
FRA    BNP Paribas Securities Services SA
GER   Deutsche Bank AG
GRE   Citibank International PLC
HUN   Citibank Zrt.
ISL      Landsbanki Islands hf
IRL      The Northern Trust Company, London
ITA      BNP Paribas Securities Services SA
LAT     Hansabanka A/s
LTU    SEB Bankus
LUX    ING Belgium SA/NV
NED   Fortis Bank (Nederland) N.V.
NOR   Nordea Bank Norge ASA
POL    Bank Polska Kasa Opieki SA
POR   Banco Santander de Negocios Portugal
ROM   ING Bank N.V.
SVK    ING Bank NV Bratislava Branch
SLO    UniCredit Banka Slovenija d.d
SPA    BNP Paribas Securities Services SA
SWE   Skandinaviska Enskilda Banken AB (Publ)
SWI     UBS AG
UK      The Northern Trust Company, London

Domestic markets that are strategically important in the near future
                       The alternative fund centres in the Channel
                        Islands for property, private equity and structured funds
                       The Netherlands for pension funds and fund administration
                       Asian emerging markets

Services offered in addition to Custody
                       Securities lending
                       Cash management
                       Collateral management
                       Prime brokerage
                       Tax reclamation
                       Commission recapture
                       Performance attribution
                       Proxy voting
                       Compliance monitoring
                       Fund admin services
                       Transfer agency
                       Distribution support
                       Transition management

Products/services showing the greatest increase in demand in past twelve months:
                       OTC derivatives
                       Collateral Management
                       Fund of Hedge Funds

Products and services for development over the next twelve months:
                       Fund of Hedge Funds
                       Outsourcing - ongoing developments to
                        existing capability
                       Alternative Fund Administration


©2008 Funds Europe