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by Derek Loosvelt | January 04, 2011

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Northern Trust, an 122-year-old Chicago-headquartered bank with a long history of supporting lesbian, gay, bisexual, and transgender clients and employees, recently created a financial services group that will focus on the needs of the LGBT community.

In a statement, John Gowan, the head of the new group, said, "Northern Trust recognizes the definition of family has evolved. We have been helping LGBT clients develop wealth management strategies for decades and have the experience to deal with unique legal, tax and wealth transfer challenges."

Northern Trust's previous LGBT initiatives include supporting "the building campaign for the Center on Halsted, a LGBT community center"; sponsoring "Lambda Legal, a national group focused on legal issues for LGBT people"; and "offering domestic partnership benefits to workers [for] more than 13 years."

(Chicago Breaking Business)

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Filed Under: Finance

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