Northern Trust Announces Corporate Strategy Leadership Changes

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Chicago - Northern Trust has announced that Jason Tyler of Ariel Investments LLC will be named Head of Corporate Strategy.

Caroline Devlin, who has served in that capacity since 2009, will move to the Personal Financial Services (PFS) business unit where she will guide refinement of PFS strategic goals, including plans to build upon the unit’s international wealth management business. She will report to PFS President Jana Schreuder.

Tyler, who will join Northern Trust September 6, is Senior Vice President, Director of Research Operations, and a member of the Investment Committee at Ariel Investments LLC, a $5 billion, 28 year old investment management firm located in Chicago. He will report to Northern Trust Chairman and Chief Executive Officer Frederick H. Waddell.

'We are delighted to welcome Jason to Northern Trust', Waddell said. 'He brings a deep knowledge of Northern Trust and the financial services industry. I want to thank Caroline for her tremendous work, and I look forward to Caroline’s continued leadership focusing on key initiatives within our PFS unit'.

Prior to joining Ariel, Tyler spent ten years at Bank One, later acquired by JPMorgan Chase, managing part of the middle market Commercial and Institutional banking groups before becoming a Finance Manager in the Company's Corporate Planning & Analysis group.

Tyler serves as Chairman of the Board of The Joffrey Ballet as well as a board member of the Children’s Defense Fund in Washington D.C., the Chicago Alliance to End Homelessness, and the Chicagoland Entrepreneurial Center. In 2009, Tyler was named a Business Leader of Color by Chicago United for his professional achievements and commitment to public service. Tyler also received the 2011 Arthur Turnbull Distinguished Black Alumnus of the Year awarded from the University of Chicago. Tyler received his MBA from the University of Chicago and his AB in Politics from Princeton University.

Prior to her role as head of Corporate Strategy, Devlin served as an Investment Relationship Manager in Northern Trust Global Investments. She was responsible for developing investment solutions for institutional clients. Prior to that, Devlin was a Lead Relationship Manager in Northern Trust's Personal Financial Services division, managing banking, investment and fiduciary relationships with family business owners, entrepreneurs and other professionals.

Before joining Northern Trust in 2004, Devlin was a Vice President at J.P. Morgan Securities Inc., Chicago, in the investment banking group. Devlin received a bachelor’s degree in economics and political science from Northwestern University. She is a board member of Midtown Educational Foundation in Chicago.

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