CHICAGO, Sept. 27 /PRNewswire-FirstCall/ -- Northern Trust Global
Securities Lending announced that it has been named the Top Lender in the
Americas, Europe and Asia in the 2005 International Securities Finance (ISF)
Equity Finance Survey of Borrowers Rating Lenders. Borrowers rated Northern
Trust's program the #1 overall lender and also awarded Northern Trust the
highest rating in categories recognizing its superior market knowledge, global
coverage and coordination, and connectivity and automation.
"We are extremely pleased that Northern Trust has been given this
tremendous recognition from the borrower community," said Mark Van Grinsven,
head of Global Securities Lending. "With these number-one rankings, borrowers
have demonstrated their confidence in Northern Trust to provide our clients
with unmatched performance and global expertise in risk management. Superior
market knowledge, technology, and global borrower coverage allow us to
continue as an industry leader in securities lending."
"To achieve superior performance in securities lending, Northern Trust
leverages the world-class investment management capabilities of Northern Trust
Global Investments," says Van Grinsven. NTGI is a multi-asset class investment
manager servicing institutional and personal clients worldwide with over $590
billion under management. Northern Trust Global Investments is one of the
nation's largest and fastest growing investment managers.
ISF's Equity Finance Survey is the most comprehensive survey in the
securities finance industry. The borrowers rate the lenders globally, which
effectively makes the survey a qualitative analysis and satisfaction rating.
(http://www.isfmagazine.com )
"Our number-one ranking in connectivity and automation for the fifth year
in a row is an outstanding compliment from our borrowers. We will continue to
advance our state of the art technological capabilities and our use of
EquiLend, thus empowering our borrowers to efficiently expand their business
with us," said Jeff Benner, head of U.S. Trading. "This is especially
important as the complexity and size of the securities financing business
continues to expand quickly. We are charter members of EquiLend Holdings LLC,
the organization that was formed by a group of leading financial institutions
to develop a global platform for the automation of securities lending
transactions."
Andy Clayton, head of International Trading said, "To be rated number one
in Market Knowledge and global coverage is a huge accomplishment for any firm
in this competitive industry and we are honored at this acknowledgment from
the borrowers. Strong global coverage and close connectivity across all
trading locations are key components of our strategy. We aim to be consistent
in our approach regardless of where in the world a discussion occurs."
Northern Trust currently lends in 46 different equity and fixed income
markets worldwide. With trading centers in Chicago, London, Hong Kong, and
Toronto, Northern Trust offers securities lending to institutional clients
with assets held in custody at Northern Trust, as well as those with assets
held elsewhere. Since 1981, Northern Trust has provided clients with
securities lending programs tailored to meet their investment objectives. The
program provides an easy, secure way to use the securities in a portfolio to
generate incremental income and offset trustee and custodian fees. In
addition, Northern Trust executives continue to hold leadership positions in
the industry's top associations, the Risk Management Association (RMA), the
International Securities Lending Association (ISLA) and the Pan-Asian
Securities Lending Association (PASLA.)
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 multibank holding company based in Chicago, has a growing
network of 84 offices in 18 U.S. states and has international offices in 11
countries. As of June 30, 2005, Northern Trust had assets under custody of
$2.7 trillion, and assets under investment management of $590 billion.
Northern Trust, founded in 1889, has earned distinction as an industry leader
in combining high-touch service and expertise with innovative products and
technology. For more information, visit http://www.northerntrust.com .
SOURCE Northern Trust Corporation
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Related links:
http://www.northerntrust.com
http://www.isfmagazine.com
CONTACT:
Christine Harmon of Northern Trust,
+1-312-444-5051; or Kurt P. Ross of Ross & Lawrence,
+1-212-308-3333, for Northern Trust
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