Kelly R. Welsh Resigned as General Counsel at Northern Trust

Date of management change: April 03, 2014 

What Happened?

Chicago, IL-based Northern Trust has announced the Resignation of Kelly R. Welsh as General Counsel


About the Company

For more than a century, Northern Trust has worked hard building our legacy of outstanding service, expertise and integrity. From a Chicago-based bank founded in 1889, we now have more than 20 international locations and 16,500 employees globally. We serve the world`s most-sophisticated clients – from sovereign wealth funds and the wealthiest individuals and families, to the most-successful hedge funds and corporate brands. Our guiding principles not only survived but thrived during the Great Depression, two world wars and the 2008 financial crisis. We burnished our reputation as a global leader delivering innovative investment management, asset and fund administration, fiduciary and banking solutions enabled by sophisticated, leading technology. And through it all, we continually laid a solid, forward-looking foundation on which future generations can continue growing and achieving greater.


About the Person

Kelly R. Welsh has been General Counsel of United States Department of Commerce since April 4, 2014. Mr. Welsh served as an Executive Vice President and General Counsel for Northern Trust Corporation from July 18, 2000 to April 4, 2014 and served as its Assistant Secretary since July 18, 2000. He served as Head of Risk Management of Northern Trust Corporation. Mr. Welsh was Northern Trust's lead attorney on significant legal matters, corporate governance, and oversight of compliance with financial services regulations affecting Northern Trust businesses around the world. As general counsel, he played a critical role in advising Northern Trust's board of directors on their oversight responsibilities. From November 1996 to November 1999, Mr. Welsh served as an Executive Vice President and General Counsel of AT&T Teleholdings, Inc. (formerly known as Ameritech Corporation). Mr. Welsh served as the Chairman of Metropolitan Pier And Exposition Authority Inc. He serves as a Director of After School Matters, Inc. He serves as Trustee of The Latin School of Chicago. Mr. Welsh worked as a judicial clerk for the Honorable Luther M. Swygert of the United States Court of Appeals for the Seventh Circuit.   Mr. Welsh received an A.B. from Harvard College, an M.A. from Sussex University, U.K. and a J.D. from Harvard Law School.


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