Northern Trust Appoints Chief Operating Officer and Chief Financial Officer

Northern Trust Corporation NTRS announced today that William L. Morrison has been appointed President and Chief Operating Officer. The appointment will take effect October 1, and Morrison will continue to report to Chairman and Chief Executive Officer Frederick H. Waddell. Morrison, an Executive Vice President and member of Northern Trust's Management Group, has served as Chief Financial Officer since September 2009. Replacing Morrison in the role of Chief Financial Officer will be Michael G. O'Grady, who will join Northern Trust in August and assume the role of Chief Financial Officer effective October 1, reporting to Waddell.