LONDON, Nov. 3, 2009 (PR Newswire Europe) -- v>

- Professional Wealth Management & The Banker award recognizes need for transparency, trusted advice

Northern Trust, a leading provider of financial services for affluent individuals and institutions, has been named Best Private Bank in North America by Professional Wealth Management and The Banker magazines, both published by the Financial Times Group.

"The North American award category was a particularly competitive one, with a number of powerful players making impressive submissions," said Yuri Bender, Editor in Chief of Professional Wealth Management. "The judges chose Northern Trust as the winner for factors including a fiduciary mindset that attempts to put the client first, its family focus and investment in customer-facing technology."

"We are deeply honored to receive this recognition," said Sherry Barrat, president of Northern Trust Personal Financial Services. "Our clients place a high premium on trusted advice, transparency, and financial strength - principles that have been at the core of Northern Trust over its 120-year history. We are passionate about placing our clients at the center of everything we do, and helping them reach their financial goals."

The award, one of several Global Private Banking inaugural awards, was presented by Professional Wealth Management and The Banker, at an Oct. 27 ceremony in Geneva. Private banks and wealth managers worldwide entered the awards and winners were selected following examination of quantitative and qualitative aspects of the private banking/wealth management business.

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of investment management, asset and fund administration, banking solutions and fiduciary services for corporations, institutions and affluent individuals worldwide. Northern Trust, a financial holding company based in Chicago, has offices in 18 U.S. states and 16 international locations in North America, Europe, the Middle East and the Asia-Pacific region. As of September 30, 2009, Northern Trust had assets under custody of US$3.6 trillion, and assets under investment management of US$611 billion. For 120 years, Northern Trust has earned distinction as an industry leader in combining exceptional service and expertise with innovative products and technology.