Northern Trust reports record US$572bn in assets in 2004

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US - Northern Trust Corporation has reported record assets under management of US$572bn at the end of 2004, up 19% from the third quarter.

But compensation and employee benefit expenses rose from US$785.2m in 2003 to US$823.2m in 2004, attributed to “annual salary increases, higher incentive compensation and increased retirement and h...

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