The PGA Tour announced Wednesday that the title sponsor of the Nissan Open at Riveria Country Club in Los Angeles, California will no longer be Nissan and will now be named The Northern Trust Open. Northern Trust, a Chicago based company, signed a five year deal, giving the tournament a new name for the first time since 1989, when Nissan took over as title sponsor.
Nissan had signed a contract to sponsor the event through the 2010 season, however recently moved it's U.S. based headquarters from Southern California to Nashville, Tennessee and asked to be released from their contract if another sponsor became available.
Northern Trust is an investment management and personal trust company based in Chicago, with two offices in Los Angeles and branches in Newport Beach and Santa Barbara.
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