Company Announcements

Northern Trust Insurance Solutions Adds Depth and Expertise with Strategic Business Development Hire

Source: Business Wire

CHICAGO--(BUSINESS WIRE)--Jun. 19, 2019-- Northern Trust (Nasdaq: NTRS) today announced that Christopher Madigan has joined as a senior business development executive for Insurance Solutions, which provides a full suite of services to help insurers drive operational efficiency, enhance investment yields and mitigate risk.

Madigan brings more than 25 years of financial industry experience to Northern Trust, most recently in a business development role at State Street Corporation focused on asset managers and members of the insurance sector. He will be responsible for building strategic relationships with insurers throughout North America, leveraging Northern Trust’s local and global expertise with the world’s leading insurance organizations. His hiring underscores Northern Trust’s commitment to strategic growth in its Insurance Solutions business, further expanding its capacity and capability following rapid expansion in recent years.

“We are thrilled to have an industry veteran of Chris’s caliber join our team and build on our ongoing growth and momentum in the insurance sector,” said Chris Dvorak, head of Insurance Solutions at Northern Trust. “Insurers face increasing complexity in their allocation of assets, operations and reporting requirements, and outsourcing to an experienced service provider is often the most efficient way for them to access the expertise, capabilities and technology solutions necessary for ongoing growth and enhanced performance. We look forward to continuing to showcase and grow our capabilities through Chris’s development efforts.”

Northern Trust Insurance Solutions provides a comprehensive offering for insurance companies, integrating investment management and advisory services, middle- and back-office operations, capital markets capabilities and portfolio management support.

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 20 U.S. states and Washington, D.C., and across 23 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2019, Northern Trust had assets under custody/administration of US$10.9 trillion, and assets under management of US$1.2 trillion. For more than 125 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit northerntrust.com or follow us on Twitter @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.

Source: Northern Trust Corporation

US & Canada:
John O’Connell
+1 312 444 2388
John_O’Connell@ntrs.com
http://www.northerntrust.com

© Business Wire, Inc. All Rights Reserved.