Press Release - January 24, 2019
Northern Trust announced today that its Foundation & Institutional Advisors (FIA) practice has been selected to provide credit, investment management and treasury management services for the Milwaukee Public Museum’s endowment, as well as investment management services for its pension plan. Since 1882, the Milwaukee Public Museum’s mission has been to inspire curiosity, excite minds, and increase the desire to preserve and protect the world’s natural and cultural diversity through exhibitions, educational programs, collections, and research.
“In conducting a search for strategic partners to help manage our treasury work, endowment and pension plan, Northern Trust rose to the top because of its past performance in helping non-profits advance their mission, and also because of the expertise they bring in making sure our mission remains vital and viable for generations to come,” said Ryan O’Desky, Senior Vice President of Finance and Operations of the Milwaukee Public Museum.
“We are pleased to be partnering with the Milwaukee Public Museum by providing asset management and other banking services,” said Darius A. Gill, National Practice Executive, Northern Trust Foundation & Institutional Advisors group. “The Museum is one of Milwaukee’s most respected institutions and we look forward to supporting its work in growing exhibitions and collections.”
Northern Trust’s Foundation & Institutional Advisors (FIA) group serves nonprofit organizations through sophisticated investment management solutions, strategic insights and world-class resources. Northern Trust provides investment advice, asset servicing and related services to help nonprofit organizations achieve financial and philanthropic goals cost-effectively, collaborating with board and investment committee members to assist with investment oversight. More information about Northern Trust Foundation and Institutional Advisors can be found at www.northerntrust.com/FIA.
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 a global presence with offices in 20 U.S. states and Washington, D.C., and across 23 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of December 31, 2018, Northern Trust had assets under custody/administration of US$10.1 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 http://www.northerntrust.com/disclosures.
About the Milwaukee Public Museum
The Milwaukee Public Museum (MPM) is Wisconsin’s natural history museum, welcoming over half a million visitors annually. Located in downtown Milwaukee, the Museum was chartered in 1882, opened to the public in 1884, and currently houses more than 4 million objects in its collections. MPM has three floors of exhibits that encompass life-size dioramas, walk-through villages, world cultures, dinosaurs, a rainforest, and a live butterfly garden, as well as the Daniel M. Soref Dome Theater & Planetarium.
MPM is operated by Milwaukee Public Museum, Inc., a private, non-profit company, and its facilities and collections are held in trust and supported by Milwaukee County for the benefit of the public.