Paul joined the economic research unit of The Northern Trust Company in 1986 as Vice President and Economist, being named Senior Vice President and Director of Economic Research in 2000. His economic and interest rate forecasts are used both internally and by clients. The consistent accuracy of Northern's economic forecasts is exemplified by its ranking in the top five of the Blue Chip Survey for the past 15 years. For the year 2004, Northern's economic forecast was ranked sixth in the USA Today survey of economists. Through written commentaries containing his straightforward and often nonconsensus analysis of economic and financial market issues, Paul has developed a loyal following in the financial community. Northern Trust's economic website was listed in the top ten most interesting by The Wall Street Journal. Paul is often quoted in the local, national and international media. Paul is the co-author of a book entitled Seven Indicators That Move Markets. In addition to being a member of the American Economic Association and the National Association of Business Economists, Paul has served on the Economic Advisory Committee of the American Bankers Association.

Paul began his career as a research economist at the Federal Reserve Bank of Chicago where he analyzed developments in the money and capital markets. He was promoted to the official staff and given the responsibility of organizing and leading the monetary policy briefings for the Bank's president. Paul has been a lecturer in finance at the Northwestern University Kellogg Graduate School of Management. Although his classroom teaching days are over, Paul's passion for educating the public on economic matters is reflected in his oral and written presentations.

Paul was graduated with honors from the University of South Florida, receiving a Bachelor of Arts degree in economics. He received a Master of Arts degree in economics from Indiana University.

Victoria Marklew is Vice President and International Economist at The Northern Trust Company, Chicago. She joined the Bank in 1991, and works in the Economic Research Department, where she assesses country lending and investment risk, focusing in particular on Asia. Ms. Marklew has a B.A. degree from the University of London, an M.Sc. from the London School of Economics, and a Ph.D. in Political Economy from the University of Pennsylvania. She is the author of Cash, Crisis, and Corporate Governance: The Role of National Financial Systems in Industrial Restructuring (University of Michigan Press, 1995).

Asha Bangalore is Vice President and Economist at The Northern Trust Company, Chicago. Prior to joining the bank in 1994, she was Consultant to savings and loan institutions and commercial banks at Financial & Economic Strategies Corporation, Chicago. Ms. Bangalore was a faculty member of the Department of Economics, Trinity College, Connecticut, during 1990-1992. She was graduated with a Bachelor of Arts degree from Bangalore University, India. She received Master of Arts and Ph.D degrees in Economics from the University of Connecticut. Ms. Bangalore is a member of the National Association of Business Economists and the American Economic Association.

James Pressler is an Associate International Economist at The Northern Trust Company, Chicago. He currently monitors emerging markets in sub-Saharan Africa, as well as several European and Asian countries. Mr. Pressler joined the bank in 1993, and has been in Economic Research since January 1995. He received a B.S. degree in Statistics and Operations Research from the University of Illinois at Chicago.