Northern Trust is a financial services company based in Chicago, Illinois, United States. Founded in 1889, the company now has 85 offices in 18 states and 20 countries. It is one of the United States’ oldest banks in continuous operation. Northern Trust fives 1.5% of its pre-tax profits to charities every year.
Northern Trust was originally housed in a one-room office in The Loop, Chicago, and had just seven accounts on opening; even then the bank was focused on working with the city’s wealthiest residents. By 1905 the bank had moved into headquarters in the Financial District.
Northern Trust Products and Services
Northern Trust works with corporations, high net worth individuals and institutional investors. Operations are divided into three primary sectors; Corporate and Institutional Services, Wealth Management and Northern Trust Asset Management.
The first division, corporate and institutional services, works with foundations, fund managers, insurance companies, institutional investors, sovereign wealth funds, endowments and corporate and public pension funds. Available services include:
Treasury and foreign exchange
Employee benefit services
Investment operations outsourcing and management
The Wealth Management division of Northern Trust works with more than 20% of the United States’ wealthiest families. The bank works with these families in investment management, philanthropy, financial consulting, guardianship, retirement planning and banking – both private and business. As well as families, Wealth Management works with high net worth individuals in its offices in the United States, London, Abu Dhabi and Guernsey.
Northern Trust’s third division, Northern Trust Asset Management, works primarily in providing investment management services, both active and passive, for clients such as private equity firms and hedge funds, registered investment companies, collective funds and non-US collective funds.
Security at Northern Trust
To help customers understand how they can keep their information safe and prevent account fraud, extensive security information is available online via the Northern Trust website.