Northern Trust Corp.
has elevated Frederick "Rick" Waddell
to president and chief operating officer.
While Northern Trust manages some $400 billion of primarily institutional assets, it also sponsors the 31-member Northern Funds family.
Waddell, a 30-year company veteran, was also elected to the board of directors. He will continue to serve as president of corporate and institutional services, a post he has held since 2003.
"Rick is an exceptional leader and a highly regarded member of our executive management team," said William Osborn, chairman and chief executive of the Chicago-based firm, in a statement.
Stay ahead of the news ... Sign up for our email alerts now