Northern Trust

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Northern Trust Corporation

Type	Public
Founded	1889
Headquarters	Chicago, Illinois
Key people	Frederick H. Waddell, President and CEO
Industry	Financial services
Products	Private Banking, Wealth Management, & Investment Management
Revenue	N/A
Employees	9,600
Website	www.northerntrust.com

Northern Trust headquarters in Chicago, Illinois.

Northern Trust Corporation NASDAQ: NTRS is a leading provider of investment management, asset and fund administration, fiduciary and banking solutions for corporations, institutions and individuals worldwide. Northern Trust, a multi-bank holding company based in Chicago, has a network of 85 offices in 18 U.S. states and has international offices in 12 locations in North America, Europe and the Asia-Pacific region.

As of March 31, 2008:

$77 billion in banking assets
$4.0 trillion in assets under custody
$778.6 billion in assets under management

[edit] History

Northern Trust was founded in 1889 in a one-room office in Chicago's Loop, with a focus on providing trust and banking services for the city's prosperous citizens, and has flourished over the years by staying true to its core principles and focusing on its clients' needs. Northern Trust is one of the nation's premier money managers for wealthy individuals, counting 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. [1]

Northern Trust recently expanded its 18-state office presence in the US by opening its 85th office in Wheaton, Illinois. Recent new business wins within its corporate and institutional services business unit include the State of Tennessee's $29.3 billion mandate, the $51 billion Australia Future Fund, a $3 billion Dutch government insurance program, the $11.5 billion New Zealand Superannuation Fund, and the El Paso Fireman and Policemen's Pension Fund.

In 2007, Northern Trust has won numerous awards for its services. Recent awards include being named to Computerworld's list of best places to work in IT, numbers Financial Times Business awards, PLANSPONSOR magazine's "Best in Class" award for transition management, European Pension Fund Custodian of the Year, and Southern Florida CEO Magazine's "Best Private Bank" award. The company also struck a strategic agreement with Mitsubishi UFJ Trust & Bank Corp to provide cross-border estate administration services.