Market Overview

Northern Trust Strengthens Foundation & Institutional Advisors Group with Two Key Additions in the Midwest

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Northern Trust Wealth Management announced today that David C.
Faircloth, CFA, CIMA and John Ferguson, CFA have joined the firm's
Foundation & Institutional Advisors (FIA) practice in its Chicago
headquarters. FIA is a dedicated, national practice that serves the
investment and advisory needs of foundations, endowments and other
nonprofit institutional investors.

"David and John bring many years of experience working with
institutional clients," said Darius A Gill, National Practice Executive
for FIA. "As we continue to accelerate the growth of our institutional
nonprofit business, we are confident David and John will play pivotal
roles."

David C. Faircloth, CFA, CIMA is a Senior Investment Officer,
overseeing the design, implementation and ongoing supervision of client
portfolios. Prior to his current role, Faircloth managed a team that
worked with high net worth families. Faircloth began his professional
career at Northern Trust almost 30 years ago as a portfolio manager.
Prior to his return in 2006, he was a senior investment specialist at
JPMorgan. He earned his master's degree in finance, marketing and
international business from the Kellogg School of Management at
Northwestern University and his bachelor's degree in finance from DePaul
University. Faircloth is a member of the CFA Institute, the CFA Society
of Chicago, and the Investment Management Consultants Association.

John Ferguson, CFA is a Senior Portfolio Manager, assisting
nonprofit clients with investment policy decisions, asset allocation and
investment vehicle selection. Prior to this role, Ferguson was a
principal and lead portfolio manager of global strategies for Opus
Capital Management. Before that, he developed factor and tax based
strategies as a member of Northern Trust's Asset Management division.
Ferguson has over 20 years of investment management experience as an
institutional trader, sector specialist and fund manager. He earned his
bachelor's degree in accounting from Miami University in Oxford, Ohio.
He is a member of the CFA Institute and the CFA Society of Chicago.
Ferguson serves his community as a foster and adoptive parent and as a
founding member of Block Alzheimer's, which raises money and awareness
for dementia.

Northern Trust's Foundation & Institutional Advisors (FIA)
group serves the investment and advisory needs of foundations,
endowments and other nonprofit institutional investors. FIA can serve as
either a dedicated investment advisor or as a fully outsourced chief
investment officer. The practice is consultative and advice-driven,
providing holistic solutions that combine sophisticated advisory
expertise with a spectrum of value-added services. More information
about Northern Trust Foundation and Institutional Advisors can be found
at www.northerntrust.com/FIA.

Northern Trust Wealth Management specializes in Goals Driven
Wealth Management backed by innovative technology and a strong fiduciary
heritage. Northern Trust Wealth Management is ranked among the top 10
U.S. wealth managers, with $287 billion in assets under management as of
June 30, 2018, and a wide network of wealth management offices across
the United States.

The Northern Trust Company is an Equal Housing Lender. Member FDIC.

About Northern Trust

Northern Trust Corporation (NASDAQ: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 23 international locations in
Canada, Europe, the Middle East and the Asia-Pacific region. As of June
30, 2018, Northern Trust had assets under custody/administration of
US$10.7 trillion, and assets under management of US$1.1 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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