Northern Trust has appointed Carl Tannenbaum as its chief economist. A recognized banking industry leader in economics and risk management, Tannenbaum will monitor economic and political developments worldwide, forecast major economic indicators and communicate his views to internal colleagues and external clients. Tannenbaum previously served as senior vice president and head of the risk division at the Federal Reserve Bank of Chicago and also served as chief economist and head of balance sheet management at LaSalle Bank/ABN AMRO.

Northern Trust Corporation, based in Chicago, is a provider of investment management, asset and fund administration, banking solutions and fiduciary services for corporations, institutions and individuals worldwide.