Northern Trust to Provide Collective Investment Trust Services for Reliance Trust Company

New CIT Subadvised by Driehaus Capital Management

Northern Trust has been selected by Reliance Trust Company to provide back-office support including custody, fund accounting, and transfer agent services for a collective investment trust (CIT) subadvised by Driehaus Capital Management.

"We are excited to be working closely with both Reliance Trust and Driehaus Capital Management to support this CIT fund for qualified retirement plans," said Dan Houlihan, head of Global Fund Services in North America. "Our strong back-office service, expertise and technology, combined with Reliance Trust's ERISA experience, bring together two parties with exceptional financial strength on behalf of asset managers like Driehaus Capital Management."

"Reliance Trust and Northern Trust were selected as our CIT distribution platform based on their joint dedication to understanding our business and strategic goals through innovation and proactive engagement," said Tom Seftenberg, Managing Director, at Driehaus Capital Management. "Northern Trust's culture of client service excellence and Reliance Trust's commitment to oversight dovetail nicely with our investment responsibilities and distribution efforts."

Northern Trust's Global Fund Services unit provides fund administration, global custody, and investment operations outsourcing solutions to more than 650 asset managers across the globe. It supports diverse fund structures across multiple domiciles and jurisdictions and has expertise in traditional and alternative investment vehicles.

About Northern Trust

Northern Trust Corporation 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 offices in the United States in 19 states and Washington, D.C., and 22 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of June 30, 2017, Northern Trust had assets under custody of US$7.4 trillion, and assets under management of US$1.03 trillion. For more than 125 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit northerntrust.com or follow us on Twitter @NorthernTrust.

Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/disclosures.

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