Northern Trust Corporation

Northern Trust Corporation is a global financial services firm providing asset servicing, asset management, and wealth management solutions to corporations, institutions, families, and individuals. It is one of the largest and most established asset and wealth management companies in the world, with over $10.7 trillion in assets under custody and $1.2 trillion in assets under management as of June 30, 2020. The company has offices in 19 countries and serves clients in more than 100 markets worldwide.

Northern Trust Corporation has two main operating segments – Corporate & Institutional Services (C&IS) and Wealth Management. The C&IS segment provides asset servicing and related services such as custody, fund administration, investment operations outsourcing, investment management, investment risk and analytical services, employee benefit services, securities lending, foreign exchange, treasury management, brokerage services, transition management services, banking, and cash management services. This segment serves corporate and public retirement funds, foundations, endowments, fund managers, insurance companies, sovereign wealth funds, and other institutional investors.

The Wealth Management segment offers trust, investment management, custody, and philanthropic services to high-net-worth individuals and families, business owners, executives, professionals, retirees, and established privately held businesses. It also provides asset management services such as active and passive equity, active and passive fixed income, cash management, alternative asset classes, and multi-manager advisory services and products.

Northern Trust Corporation was founded in 1889 and is headquartered in Chicago, Illinois. It is a publicly traded company listed on the NASDAQ Global Select Market under the ticker symbol NTRS. The company has a strong financial track record with a history of steady growth and profitability, with total revenues of $4.8 billion in 2019 and net income of $1.3 billion. It has a strong presence in the U.S. and Europe, with approximately 19,000 employees globally.