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1 A Presentation for FCERA
N O R T H E R N T R U S T
© 2013 Northern Trust Corporation northerntrust.com
Prepared for Fresno County Employees’ Retirement Association April 3, 2013
Who is Northern Trust? A leading asset manager and asset servicer to institutional and private investors worldwide
Robert Ernst
Senior Vice President
Client Executive
312.444.5498
2 A Presentation for FCERA
A Unique Business Focus
Founded in 1889, Northern Trust is a market leader of asset servicing and asset
management solutions for institutions and private clients around the globe.
A highly focused business model supporting two client bases across a single operating platform
Personal Financial Services (PFS)
Corporate & Institutional Services (C&IS)
Asset
Servicing Asset
Management
WORLDWIDE INSTITUTIONAL INVESTORS
U.S. and European PRIVATE CLIENTS
Assets
under custody
US $4.80 trillion
Assets
under administration
US $2.8 trillion*
Assets
under management
US $759 billion
As of 12/31/2012
* Includes US$216 billion defined contribution
funds (as at 9/30/12) (updated on a quarterly
lag basis)
Source: Northern Trust
3 A Presentation for FCERA
Focused on What We Do Best Providing Stability For You
Investment banking
Sub-prime mortgage underwriting
Asset backed commercial paper conduits
Private equity bridge financing
Discount brokerage
American depositary receipts
Northern Trust is sharply focused on asset management and asset
servicing - we do not change our business model or risk profile to capitalize on shifting markets, giving you stability for your business.
Businesses Northern Trust is NOT in:
Credit cards
Retail banking
Consumer finance
Venture capital
Stock transfer
Defined contribution record keeping
4 A Presentation for FCERA
Delivering A Broad Range of Solutions
Full array of capabilities to meet needs of sophisticated institutional investors.
Fund accounting
Transfer agency
Corporate secretarial
Trustee
Investment operations outsourcing
Safekeeping
Settlement
Derivatives processing
Benefit payments
Income collection
Corporate actions
Tax reclamation
Global index management
Quantitative active
Fundamental active
Target date
Multi manager
Exchange traded funds
Hedge funds
Private equity
Investment outsourcing
Liability driven investing
Investment accounting
Reporting and valuation
Performance analytics
Risk monitoring and reporting
Trade execution analysis
General Ledger Interfaces
Cross-border pooling (patent pending)
Trade execution
Cash management
Transition management
Securities lending
Foreign exchange
Commission management
Passive currency overlay
Asset Administration
Asset Processing
Asset Reporting
Asset Enhancement
Asset Management
5 A Presentation for FCERA
Undiluted By Mergers and Acquisitions
We have a 123-year heritage ― we have been Northern Trust since 1889 and
are undiluted by mergers and acquisitions.
The growth that we have achieved through the years has been overwhelmingly sourced
from organic growth.
1889 2013
6 A Presentation for FCERA
Global Coverage, Local Expertise
New York
Toronto
Chicago
Dublin London
Guernsey
Jersey
Amsterdam
Luxembourg
Tokyo
Beijing
Hong Kong
Bangalore
Singapore
Melbourne
Abu Dhabi
Limerick
18 global locations
14,333 staff worldwide*
Services in 102 markets
Clients in approximately 40 countries
As at 12/31/2012 (updated quarterly)
Source: Northern Trust
*Total employees, 14,202 of which are permanent
Stockholm
7 A Presentation for FCERA
Marin County
San Francisco
Los Altos
Santa Barbara
Montecito
Westwood
Los Angeles
San Diego
La Jolla
Newport Beach
NT Locations in California
Texas 7
Massachusetts 1
Connecticut 1
Illinois 15
Ohio 1
Michigan 3
Florida 25
Colorado 1
Washington 1
Missouri 1
Nevada 1
Wisconsin 1
Georgia 1
Arizona 8
New York 1
Minnesota 1
Delaware 1 California
11
8 A Presentation for FCERA northerntrust.com
Global Custody & Benefit Payment Services
N O R T H E R N T R U S T
Comprehensive service suite, global network, single global platform
© 2013 Northern Trust Corporation
9 A Presentation for FCERA
A Comprehensive Service Suite
Northern Trust delivers process efficiencies, automation, scale and flexibility through our comprehensive asset servicing product offering.
Accounting
and
reporting
Trade
settlement Safekeeping
Income
collection
and tax
reclamation
Corporate
actions
Class
actions
Proxy
voting
Trade
receipt
and capture
10 A Presentation for FCERA
Expertise Across The Full Custody Spectrum
Emphasis on automation, straight-through processing (STP), accuracy and timeliness…
reducing risk, enhancing efficiency, minimizing cost and ensuring transparency.
As at 12/31/2012
Class actions
Gathering information, providing
timely notifications, filing claims and
posting disbursements
Safekeeping
US $4.80 trillion in assets under
custody, US $1.9 trillion in cross-
border assets
Covering 102 markets
Web trade services
Connected to over 2,700 end-points in
the global brokerage community with
automated communications to over 40
major custodians globally
Hitting > 60,000 trades/month
Trade settlement
98% of trades captured electronically
across 102 markets
Contractual settlement in
approximately 40 countries
Income collection and tax reclamation
Income on payable date in 35 markets
Tax reclamation and relief at source
Corporate actions
Global processing in excess of 80,000
corporate actions across 102 markets
every year
Proxy voting
On-line proxy voting in 48 markets
Accounting and reporting
Single global, integrated, multi-
currency platform servicing all
investment participants
Trade receipt and capture
Over 18.6 million trades processed globally annually
A dedicated global team servicing alternative assets and non-STP investments
11 A Presentation for FCERA
Partner With A Proven Provider of Benefits Payment Services
Easy access to benefit payment information online through
Benefit Payment Passport®
Available 24/7 via the internet
Flexibility to issue payments on any business day - no blackout period
24-hour turnaround for payment direction
Continual system updates in response to regulatory changes
Efficient transfer of payments without interruption
A well-defined seamless transition process
Two parallel check runs prior to going live to ensure accuracy
Participant communication provided before and after live date
Dedicated client servicing
Dedicated client service representative focused on your needs
Supported by a team with shared e-mail and telephone number to ensure someone
always responds
Data protection through comprehensive security measures
Two-factor authentication security
You determine the levels of access for your administrative team
Proven benefit payment
experience over 45 years
(since 1965)
Issuing more than 1.5 million
checks per month
Source: Northern Trust
12 A Presentation for FCERA
Important Information
Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S.
The Northern Trust Company, London Branch (reg. no. BR001960), Northern Trust Global Investments Limited (reg. no. 03929218) and Northern
Trust Global Services Limited (reg. no. 04795756) are authorised and regulated by the Financial Services Authority.
The material within and any linked material accessed via this communication is directed to eligible counterparties and professional clients only and
should not be distributed to or relied upon by retail investors. For Asia Pacific markets, it is directed to institutional investors, expert investors and
professional investors only and should not be relied upon by retail investors.
Northern Trust (Guernsey) Limited, Northern Trust Fiduciary Services (Guernsey) Limited, and Northern Trust International Fund Administration
Services (Guernsey) Limited are licensed by the Guernsey Financial Services Commission. Northern Trust International Fund Administrators (Jersey)
Limited and Northern Trust Fiduciary Services (Jersey) Limited are regulated by the Jersey Financial Services Commission. Northern Trust
International Fund Administration Services (Ireland) Limited, Northern Trust Securities Services (Ireland) Limited and Northern Trust Fiduciary
Services (Ireland) Limited are regulated by the Central Bank of Ireland. Northern Trust Global Services Limited has a Luxembourg Branch, which is
authorised and regulated by the Commission de Surveillance du Secteur Financier (CSSF). Northern Trust Luxembourg Management Company S.A.
is regulated by the Commission de Surveillance du Secteur Financier (CSSF). Northern Trust Global Investments Limited has a Netherlands branch,
which is authorised by the Financial Services Authority and subject to regulation in the Netherlands by the AutoriteitFinanciëleMarkten. Northern Trust
Global Services Limited has a Netherlands Branch, which is authorised and regulated in the Netherlands by De Nederlandsche Bank. Northern Trust
Global Investments Limited has a Sweden branch, which is authorised by the Financial Services Authority and subject to regulation in Sweden by the
Finansinspektionen. Northern Trust Global Services Ltd (UK) Sweden Filial is authorised by the Financial Services Authority and subject to regulation
by the Finansinspektionen. Northern Trust Global Services Limited operates in Abu Dhabi as a Representative Office. Our registered office is
authorised and regulated by the Central Bank of the United Arab Emirates. The Northern Trust Company operates in Australia as a foreign authorised
deposit-taking institution (foreign ADI)and is regulated by the Australian Prudential Regulation Authority. The Northern Trust Company has a branch in
China regulated by the China Banking Regulatory Commission. The Northern Trust Company of Hong Kong Limited is regulated by the Hong Kong
Securities and Futures Commission. Northern Trust Global Investments Japan, K.K. is regulated by the Japan Financial Services Agency. The
Northern Trust Company has a Singapore Branch, which is a foreign wholesale bank regulated by the Monetary Authority of Singapore. The Northern
Trust Company operates in Canada as The Northern Trust Company, Canada Branch, which is an authorised foreign bank branch under the Bank Act
(Canada). Trustee related services in Canada are provided by the wholly owned subsidiary The Northern Trust Company, Canada, an authorised trust
company under the Trust & Loans Companies Act (Canada). Deposits with The Northern Trust Company and its affiliates and subsidiaries are not
insured by the Canada Deposit Insurance Corporation.
IRS CIRCULAR 230 NOTICE: To the extent that this message or any attachment concerns tax matters, it is not intended to be used and cannot be
used by a taxpayer for the purpose of avoiding penalties that may be imposed by law. For more information about this notice, see
http://www.northerntrust.com/circular230.