Profile: Northern Trust Corp (NTRS.O)
17 Apr 2014
Northern Trust Corporation, incorporated on August 23, 1971, is a financial holding company that is a provider of asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals worldwide. The Company conducts business through various United States and non-United States subsidiaries, including The Northern Trust Company (the Bank). The Company has a network of offices in 18 United States, Washington, District of Columbia, and 16 international locations in North America, Europe, the Middle East, and the Asia Pacific region. Northern Trust organizes its services globally around its two client-focused principal business units: Corporate and Institutional Services (C&IS) and Personal Financial Services (PFS). Two other business units provide services to the two principal business units: Northern Trust Global Investments (NTGI), which provides investment management, and Operations and Technology (O&T), which provides operating and systems support.
Corporate & Institutional Services
C&IS is a global provider of asset servicing, securities lending, brokerage, banking and related services to corporate and public retirement funds, foundations, endowments, fund managers, insurance companies, sovereign wealth and government funds. Asset servicing and related services consists of a range of industry capabilities, including but not limited to: global master trust and custody, trade settlement, and reporting; fund administration; cash management; investment risk and performance analytical services; investment operations outsourcing, and transition management and commission recapture. Client relationships are managed through the Bank and the Bank’s and the Company’s other subsidiaries, including support from international locations in North America, Europe, the Middle East, and the Asia Pacific region. C&IS also executes related foreign exchange transactions from offices located in the United States, United Kingdom, and Singapore. As of December 31, 2012, total C&IS assets under custody were $4.4 trillion and assets under management were $561.2 billion.
Personal Financial Services
PFS provides personal trust, investment management, custody, and philanthropic services; financial consulting; guardianship and estate administration; brokerage services, and private and business banking. PFS focuses on high net worth individuals and families, business owners, executives, professionals, retirees, and established privately held businesses in its target markets. PFS also includes the Global Family Office, which provides customized products and services to meet the complex financial needs of individuals and family offices in the United States and throughout the world with assets typically exceeding $200 million. PFS is the provider of personal trust services in the United States, with $446.3 billion in assets under custody and $197.7 billion in assets under management as of December 31, 2012. PFS services are delivered through a network of offices in 18 United State’s states and Washington, District of Columbia, as well as offices in London and Guernsey.
Northern Trust Global Investments
NTGI, through various subsidiaries of the Company, provides a range of asset management and related services and products to clients around the world, including clients of C&IS and PFS. Clients include institutional and individual separately managed accounts, bank common and collective funds, registered investment companies, exchange traded funds, non-United States collective investment funds, and unregistered private investment funds. NTGI offers both active and passive equity and fixed income portfolio management, as well as alternative asset classes (such as private equity and hedge funds of funds) and multi-manager advisory services and products. NTGI’s activities also include overlay services and other risk management services. NTGI’s business operates internationally through subsidiaries and distribution arrangements.
Operations and Technology
O&T supports all of Northern Trust’s business activities, including the processing and product management activities of C&IS, PFS, and NTGI. These activities are conducted principally in the operations and technology centers in Chicago, London, and Bangalore.
Northern Trust Corp
50 S LASALLE ST
CHICAGO IL 60603