Northern Trust to Provide Global Custody for Virginia Commonwealth University Investment Management Company

Richmond-based Virginia Commonwealth University Investment Management Company (“VCIMCO”) has selected Northern Trust to serve as global custodian for its investment funds, which include Virginia Commonwealth University (“VCU”) endowment and other VCU-affiliated assets. Northern Trust will also provide fund accounting and fund administration services.

“Northern Trust’s innovative custody platform along with their expertise in servicing alternative investments were key differentiators for us,” said William I. Lee, Chief Operating Officer at VCIMCO. “They offer high-quality client service, robust technology solutions and a broad array of services, which solidified our selection. We are excited to work with Northern Trust as we evolve and grow together.”

VCIMCO, which began its operations in late 2015, provides investment management services to VCU and other entities affiliated with VCU operating in support of its mission.

“Northern Trust is honored to add VCIMCO to our roster of clients,” said Pete Cherecwich, Americas head of Corporate & Institutional Services at Northern Trust. “The addition of VCIMCO is a testament to our culture of client-focused solutions and dedication to understanding our clients’ business needs and objectives. We remain committed to continued product and technology innovation and service excellence to benefit our clients.”

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 20 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2016, Northern Trust had assets under custody of US$6.2 trillion, and assets under management of US$900 billion. 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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