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Northern Trust Corporation is a global financial services firm providing wealth management, asset servicing, and banking solutions.
Northern Trust Corporation is a prominent financial services firm that specializes in wealth management, asset servicing, asset management, and banking solutions for various clients including corporations, institutions, families, and individuals. As a financial holding company established in 1971, it operates through its principal subsidiary, The Northern Trust Company, which has its headquarters in Chicago, Illinois. Northern Trust also has a global presence, with offices in the U.S. and across other regions such as Canada, Europe, the Middle East, and Asia-Pacific, managing substantial assets including $150.8 billion in consolidated total assets as of December 31, 2023.
The company is structured into three main segments: Asset Servicing, Wealth Management, and Asset Management. In the Asset Servicing segment, Northern Trust serves institutional clients providing a range of services including custody, fund administration, and investment management, with over $14.36 trillion in assets under custody or administration. Wealth Management targets high-net-worth individuals and families, offering personalized investment management and financial consulting services, while Asset Management supports both previous segments with comprehensive investment products and solutions. This diversified service offering positions Northern Trust as a leading player in the financial services industry, catering to diverse client needs globally.
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