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Northern Trust chairman to retire

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Northern Trust chairman to retire

Northern Trust Corp. board chairman Frederick Waddell is retiring.

Waddell's retirement will take effect Jan. 23, 2019. Michael O'Grady, president and CEO of Northern Trust, will assume the chairman role after Waddell's retirement.

Waddell became chairman in November 2009. He was the company's CEO from 2008 to 2017.