STAMFORD, Conn. - Northern Trust Global Advisors, the asset management arm of Chicago's Northern Trust, has hired Robert P. Morgan as director of private equity.

The position was created to enhance the unit's private equity services. Mr. Morgan had been director of private equity investment management at Frye-Louis Capital Advisors in Chicago for the past two years.

Previously he was a senior vice president at Heller Financial Inc., where he was responsible for private equity programs.

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