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Northern Trust chair defends Woodford loan

Northern Trust chair and chief executive Michael O'Grady has defended the company giving an embattled Neil Woodford fund added flexibility on a £150 million loan.

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Read more: Northern TrustWoodford Patient Capital TrustWPCTLIBORNeil WoodfordIHS MarkitLink Fund SolutionsMichael O'GradyWoodford Equity Income Fund