Quick Stats Of Northern Trust Bank

Type –     Public (NASDAQ: NTRS)
Founded –     1889
Headquarters –     Chicago, Illinois, USA
Key people –     Frederick H. Waddell, President and CEO
Industry –     Financial services
Products –     Private Banking, Wealth Management, & Investment Management
Revenue –     N/A
Employees –     10,000
Website –     www.northerntrust.com

As of December 31, 2009, Northern Trust Corporation had $82 billion in banking assets, $3.7 trillion in assets under custody and $627.2 billion in assets under management.

Brief History

Northern Trust was founded in 1889 by Byron Laflin Smith. Northern became the first bank in Chicago to advertise its services, first by direct mail and then by ads in the daily newspaper and Chicago City Directory. Fortunately, the people in line outside the Northern bank offices were there to deposit money instead of withdraw it. Northern’s bottom of page conservative policies had served it well during the 1920s.

Throughout the 1970s and 80s, Northern Trust acquired companies and expanded into Florida, Arizona, California and Texas.

Northern Trust counts over 20% of the U.S.’s wealthiest families as its clients. It is also one of the largest global custodians in the world, serving the asset servicing needs of corporate and public retirement, foundations, endowment, fund managers, insurance companies and government funds.

The Corporation’s principal subsidiary is The Northern Trust Company. The Corporation also owns two investment management subsidiaries, Northern Trust Investments, N.A. and Northern Trust Global Advisors, Inc.

Services Offered By The Northern Trust

Corporate and Institutional Services (C&IS)-
global provider of asset servicing, asset management, and related services to corporate and public retirement funds, foundations, endowments, fund managers, insurance companies, and government funds

Personal Financial Services (PFS) –
personal trust, investment management, custody, and philanthropic services; financial consulting; guardianship and estate administration; qualified retirement plans; and private and business banking.

Northern Trust Global Investments (NTGI)-
through various subsidiaries of the Corporation, provides a broad range of investment management and related services and other products to U.S. and non-U.S. clients of C&IS and PFS.