Northern Trust to Provide Investment Advisory Services to Steppenwolf Theatre
Business Wire 15-Feb-2018 11:00 AM
CHICAGO--(BUSINESS WIRE)-- Northern Trust announced today that its Foundation & Institutional Advisors (FIA) practice has been selected to provide investment advisory services for Steppenwolf Theatre Company. Steppenwolf is the nations premier ensemble theatre company, winning twelve Tony Awards and a National Medal of Arts.
We at Steppenwolf are very pleased to be expanding our relationship with Northern Trust to include investment services, said Executive Director of Steppenwolf Theatre, David Schmitz. Our investments are an incredibly important source of annual stability for Steppenwolf, so it is imperative to find the right partner who can not only deliver strategic results, but also understand the specific needs of a mission-driven institution. With Northern Trusts expertise and long history of working with non-profits, we know they will be excellent partners in ensuring the continued creation of world class theater for Chicago.
We could not be more honored to oversee Steppenwolf Theatres investments, said Darius A. Gill, National Practice Executive, Northern Trust Foundation & Institutional Advisors group. Steppenwolf Theatre is a beloved Chicago institution and we look forward to further supporting its impact on Chicagos cultural landscape.
Foundation & Institutional Advisors (FIA) is Northern Trusts national outsourced chief investment officer (OCIO) practice that serves the investment and advisory needs of foundations, endowments and other nonprofit institutional investors. Foundation & Institutional Advisors can serve as either a dedicated investment advisor or as a fully outsourced chief investment officer. The practice is consultative and advice-drives, providing holistic solutions that combine sophisticated advisory expertise with a spectrum of value-added services. More information about Northern Trusts Foundation & Institutional Advisors can be found at www.northerntrust.com/FIA.
About Steppenwolf Theatre Company
Formed by a collective of actors in 1976, the Steppenwolf ensemble has become the nations premier ensemble theaterredefining the landscape of acting and performance. Thrilling and powerful productions from Balm in Gilead to August: Osage Countyand accolades that include the National Medal of Arts and 12 Tony Awardshave made the theater legendary. Steppenwolf produces hundreds of performances and events annually in its three spaces: the 515-seat Downstairs Theatre, the 299-seat Upstairs Theatre and the 80-seat 1700 Theatre. Artistic programming includes a seven-play season; a two-play Steppenwolf for Young Adults season; Visiting Company engagements; and LookOut, a multi-genre performances series. Education initiatives include the nationally recognized work of Steppenwolf for Young Adults, which engages 15,000 participants annually from Chicagos diverse communities; the esteemed School at Steppenwolf; and Professional Leadership Programs for arts administration training. While firmly grounded in the Chicago community, nearly 40 original Steppenwolf productions have enjoyed success both nationally and internationally, including Broadway, Off-Broadway, London, Sydney, Galway and Dublin. Anna D. Shapiro is the Artistic Director and David Schmitz is the Executive Director. Eric Lefkofsky is Chair of Steppenwolfs Board of Trustees. For additional information, visit steppenwolf.org, facebook.com/steppenwolftheatre, twitter.com/steppenwolfthtr and instagram.com/steppenwolfthtr.
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 $290 billion in assets under management as of December 31, 2017, 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 23 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of December 31, 2017, Northern Trust had assets under custody/administration of US$10.7 trillion, and assets under management of US$1.2 trillion. 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 Doug Holt (312) 557-1571Doug.Holt@ntrs.comhttp://www.northerntrust.com
Source: Northern Trust Corporation