Northern Trust has revealed plans to expand in Arizona by opening a new operating center in Tempe to meet long-term global growth needs.
The center, expected to open in the middle of 2015, will provide multiple financial business and banking services, with staff performing a wide variety of roles across Northern Trust business units and functions.
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The new centre will create 1,000 full-time positions ranging from entry level to specialized leadership roles over the next three years.
Northern Trust said it will occupy a temporary space in the Discovery Business Campus in Tempe while a new building is constructed by the end of 2015.
Pamela Higdon, who previously served as head of planning and development for Northern Trust Hedge Fund Services, will serve as director of the Arizona Operational Center.
Northern Trust chairman and CEO Frederick H. Waddell said: "This step will provide us with access to significant talent pools and a strategic location that will help us efficiently serve our clients."
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