Robert Ashcroft Joins Northern Trust Wealth Management to Lead Business Owner Consulting

CHICAGO–(BUSINESS WIRE)– Northern Trust announced today that it has appointed Robert Ashcroft as Senior Vice President and Director of Business Owner Consulting in Wealth Management.

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“We are delighted to have Rob join Northern Trust as leader of our Business Owner Consulting practice, an important component of our ability to surround clients with holistic advice,” said David Blowers, President, Wealth Management National Services. “For many business owners, their business is their most valued asset. Rob’s expertise on issues of critical importance to business owners will be a tremendous asset in helping our clients achieve their goals.”

The Business Owner Consulting practice provides owners and families experienced, objective advice whether they are still building their businesses or planning an ownership transition. Succession planning, liquidity recapitalization, pre-sale planning and due diligence are among the areas of expertise within the practice, all of which are closely coordinated with other Northern Trust Wealth Management experts to ensure that business, family and wealth plans are developed and aligned in a holistic manner.

Ashcroft has advised on more than 200 mid-market deals, including the sale of private companies based in the US and Europe. He has also assisted management teams with buyouts, fundraising, and acquisitions. In addition, he has advised corporate executives on mergers and acquisitions, particularly on how to develop growth strategies and increase shareholder value. His experience spans a broad range of industries, including industrial products, aerospace and defense, automotive, technology, and consumer businesses.

Prior to joining Northern Trust, Ashcroft was with PricewaterhouseCoopers for 12 years, where he worked in their Chicago and London offices. Previous to entering financial services, he was an engineer at BAE Systems. Ashcroft is a qualified chartered accountant (FCA) and holds FINRA Series 7 and 63 licenses. He earned a bachelor of engineering degree, with honors, from the University of Bath, and is a member of the Institute of Engineering and Technology.

About Northern Trust Wealth Management

Northern Trust Wealth Management specializes in Goals Driven Wealth Management backed by innovative technology and a strong fiduciary heritage. Northern Trust Wealth Management is ranked among the top 10 U.S. wealth managers, with $248 billion in assets under management as of December 31, 2016, and a wide network of wealth management offices across the United States.

The Northern Trust Company is an Equal Housing Lender. Member FDIC.

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 22 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of December 31, 2016, Northern Trust had assets under custody of US$6.7 trillion, and assets under management of US$942 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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Northern Trust Corporation

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Source: Northern Trust Corporation