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Northern Trust announces CFO succession plan

S. Biff Bowman will step down from his role as CFO of Northern Trust Corp., effective Jan. 1, 2020, and retire from Northern Trust on Feb. 28, 2020.

Jason Tyler, the current CFO of Northern Trust's wealth management business, will succeed Bowman as CFO of the company and become a member of the management group, effective Jan. 1, 2020.