Northern Trust adds Prado to board

CHICAGO -- Northern Trust Corp. said Tuesday that it added Jose Luis Prado, president of Quaker Oats North America, to its board.

Prado has been head of Quaker Oats North America, a division of PepsiCo Inc., since 2011. He has held a number of leadership positions at PepsiCo since 1984.

The investment firm said that Prado will help bring his leadership experience from building multi-country enterprises to Northern Trust.

Northern Trust said Prado's appointment adds a new seat to its board, bringing its total size to 12 members.

Prado also serves on the boards of GENYOUth, a national nonprofit organization focused on healthy living for children; the Chicago Council on Global Affairs and the Hispanic Association on Corporate Responsibility.

Northern Trust, based in Chicago, provides investment and banking services for corporations, institutions and individuals worldwide.

Shares of Northern Trust rose 87 cents to close at $47.53.