Northern Trust creates alliance with U.K. consultant

Northern Trust Global Investments and British consultant Jardine Lloyd Thompson formed an alliance, confirmed Tony Earnshaw, NTGI managing director. It's the first such partnership with a consultant for NTGI, Mr. Earnshaw said. NTGI will select and monitor the managers used by Jardine Lloyd's clients. Fees paid by clients will be split between the two companies, Mr. Earnshaw said. The alliance allows NTGI to focus on its core strengths without creating the kinds of services already offered by Jardine Lloyd to its U.K. clients. Mr. Earnshaw said NTGI is in talks with other consulting firms about similar partnerships.