Northern Trust Corporation
NASDAQ Global SelectCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Michael Gerard O'Grady
- Full Time Employees
- 23,800
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 50 South La Salle Street Chicago IL United States of America 60603
- IPO Date
- Mar 17, 1980
- CIK
- 0000073124
- Website
- northerntrust.com
- Similar Companies
- Business
- Northern Trust Corporation is a global financial services company specializing in wealth management, asset servicing, asset management, and banking solutions primarily for corporations, institutional investors, affluent families, and high-net-worth individuals. The company offers a comprehensive range of services including portfolio management; trust and estate services; investment management; bank deposit and lending solutions; global family and private investment offices; business owner services; foundations and endowment services; capital markets; securities lending; treasury and cash management; alternative asset services; retirement solutions; and sustainable investing. Northern Trust operates worldwide with offices in the United States, Canada, Europe, the Middle East, and the Asia-Pacific region. Founded in 1889 and headquartered in Chicago, Illinois, Northern Trust is recognized as one of the oldest and largest banking institutions in the U.S. Recently, Northern Trust implemented significant leadership changes effective October 1, 2024, as part of its One Northern Trust strategy to enhance operational excellence, scalability, and risk management. Key changes include the appointment of Peter B. Cherecwich from President of Asset Servicing to the newly created role of Chief Operating Officer, tasked with driving operational excellence, resiliency, and scalable growth. Teresa Parker deferred her retirement to continue as President of Asset Servicing. Additionally, David W. Fox Jr. was named Chief Financial Officer, and there have been leadership adjustments within wealth management including new heads for banking and specialized services. Northern Trust continues to invest in technology infrastructure and remains focused on long-term growth despite competitive pressures in its wealth management business. As of mid-2025, Northern Trust reported approximately $1.7 trillion in assets under management and $16.6 trillion in custody/administration. The company’s client base includes corporations, institutions, public pension funds, foundations, financial endowments, insurance companies, sovereign wealth funds, ultra-high-net-worth individuals, family offices, and private investment companies. Its industry focus spans asset servicing, investment operations outsourcing, risk and analytical services, fiduciary and trust services, and global banking solutions. Northern Trust leverages advanced technology platforms and sustainable investing approaches to deliver tailored solutions in asset management, wealth planning, and capital markets services. The firm operates through a network of multiple offices across 22 U.S. states, Washington D.C., Canada, Europe, the Middle East, and Asia-Pacific, supporting diversified geographic and client segments. Northern Trust continues to emphasize fiduciary stewardship and client-centric advisory services across its broad financial services portfolio.
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