Northern Trust : Names New Head of Client Services To Support Strategic Growth Across Hong Kong, Macau, Taiwan

Hong Kong - Northern Trust (Nasdaq: NTRS) has appointed Caroline Hwang to lead client services for its asset servicing business in Hong Kong, Macau and Taiwan. Hwang is responsible for managing Northern Trust's client service team for institutional asset owners as well as developing and implementing Northern Trust's strategy across these markets.

Based in Hong Kong, Hwang, whose multifaceted career has spanned over 20 years, reports to Michael Wu, country executive for the Greater China region at Northern Trust.

'As our business across Asia-Pacific continues to grow, we are seeing an increased demand for solutions such as integrated trading, foreign exchange and Environmental, Social Governance analytics, from both our asset owner and asset manager clients, to meet individual investment requirements. We're delighted to appoint Caroline to help drive our capabilities. Her substantial experience in client service across Asia will enable us to continue to support our clients in reaching their goals,' said Wu.

Before joining Northern Trust, Hwang led teams servicing North Asia private bank clients as head of client services at JP Morgan Chase. Prior to that, she held key management roles within securities services at Citi. Hwang's past financial services experience also includes positions at Deloitte, PwC Consulting, Standard Chartered and HSBC where she led teams, building her expertise in risk management and service support.

Northern Trust has an established network of 11 offices across Asia-Pacific -in Australia, China, India, Japan, Malaysia, Philippines, Singapore and South Korea. It has strategic relationships with some of the region's largest central banks, sovereign wealth funds, government agencies, corporations and asset managers, offering a comprehensive range of customized asset servicing, asset management and capital markets solutions.

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 22 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of June 30, 2020, Northern Trust had assets under custody/administration of US $12.1 trillion, and assets under management of US $1.3 trillion. For more than 130 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Please visit our website or follow us on Twitter.

Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Please read our global and regulatory information.

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