Northern Trust

Northern Trust Corporation (NTRS) is a leading global financial services company founded in 1889 and headquartered in Chicago, Illinois. With over 135 years of history, Northern Trust has established itself as a premier provider of wealth management, asset servicing, asset management, and banking solutions to corporations, institutions, families, and individuals worldwide. The company operates through two primary business units: Corporate & Institutional Services (C&IS) and Wealth Management. As of December 31, 2024, Northern Trust manages an impressive $1.6 trillion in assets under management and $16.8 trillion in assets under custody and administration, serving clients across 24 U.S. states and 22 international locations spanning Canada, Europe, the Middle East, and the Asia-Pacific region. The company employs approximately 23,400 professionals globally and maintains a market capitalization of approximately $24.9 billion as of 2024. Northern Trust's business model is built on providing comprehensive financial solutions including personal trust services, investment management, custodial banking, philanthropic services, financial consulting, guardianship, estate administration, and sophisticated wealth planning for high-net-worth individuals typically with assets exceeding $75 million. The company has distinguished itself through innovation, particularly in digital wealth management, earning recognition as the Best Private Bank in the U.S. for Digital Wealth Planning for three consecutive years (2023-2025). Northern Trust's heritage of service, expertise, and integrity has enabled it to rank among the top 20 global asset managers and establish itself as a trusted partner for some of the world's most sophisticated investors and institutions. In 2024, the company announced strategic partnerships with leading technology providers including Enfusion for enhanced front-to-back investment solutions and TCS for transforming its securities services offering across 99 markets. The company's commitment to innovation is exemplified by its launch of the first generative AI effort embedded in its cloud-based Digital Partner Platform, which enables instant insights into client interactions and helps expedite case resolution while reducing response time.