Northern Trust Establishes Global Financial Institutions Group

January 19, 2010 ( - Northern Trust has announced that financial services industry veteran Lyle Logan will lead a new Global Financial Institutions Group.

The new group was created to strengthen relationships with the world’s largest financial institutions to maximize business growth and revenue opportunities in the segment, according to the announcement. As leader, Logan will coordinate with Northern Trust regional heads, country leaders, and product management and business unit partners to identify current business and financial relationships that can be developed for the benefit of Northern Trust and its institutional and personal clients.

Logan, an executive vice president, has three decades of experience in financial services, most recently as Managing Director, Institutional Sales and Client Servicing for Northern Trust Global Investments since 2005. Previously, he was head of Chicago Private Banking within the Personal Financial Services (PFS) unit and had joined Northern Trust in 2000 as a PFS manager for the Midwest region. Prior to Northern Trust, Logan worked since 1981 at Bank of America (formerly Continental Bank) in Chicago, where he held leadership positions in the Private Bank and Domestic Portfolio Management Group.

Logan holds a B.A. degree in Accounting and Economics from Florida A&M University and an M.B.A. degree in Finance from the University of Chicago.

“The Global Financial Institutions Group is an essential part of Northern Trust’s long-term development and a key strategic initiative for our institutional business,” said Steven L. Fradkin, President of Corporate and Institutional Services at Northern Trust, in the announcement. “Lyle brings a depth of experience in product development and client service, relationships at all levels of business, government and non-profit institutions, and a reputation for integrity that will serve him well in this newly created position.”