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Northern Trust Corporation

(NASDAQ (GS):NTRS)
Company Financials
Income Statement
Balance Sheet
Cash Flow Statement

Contact Information
Northern Trust Corporation
50 S. La Salle St.
Chicago, IL 60603
IL Tel. 312-630-6000
Fax 312-630-1512

Type: Public
On the web: http://www.northerntrust.com
Employees: 10,918
Employee growth: 12.3%

Since its founding in 1889, Northern Trust Corporation has been working hard to keep clients' trusts. Flagship subsidiary The Northern Trust Company -- along with other units bearing the Northern Trust name -- provides banking and trust services to the affluent and to financial institutions and corporations in nearly 20 states and about a dozen countries. Operating in two segments, Corporate and Institutional Services and Personal Financial Services, the corporation is a leading personal trust manager in the US and is a master of master trust services, catering to corporate pension plans and institutional clients. All told, Northern Trust has approximately $4 trillion of assets under custody.

Key numbers for fiscal year ending December, 2007:
Sales: $5,395.1M
One year growth: 20.6%
Net income: $726.9M
Income growth: 9.2%

Officers:
Chairman: William A. Osborn
President, CEO, and Director, Northern Trust Corporation and Northern Trust Company : Frederick H. (Rick) Waddell
EVP and CFO, Northern Trust Corporation and Northern Trust Company: Asset Management

Competitors:
Bank of New York Mellon
FMR
State Street

 
 
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Wikipedia: Northern Trust
Northern Trust Corporation
Type Public
Founded 1889
Headquarters Chicago, Illinois
Key people William A. Osborn, Chairman 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.
Enlarge
Northern Trust headquarters in Chicago, Illinois.

Northern Trust Corporation NASDAQNTRS 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. [citation needed]

As of June 30, 2007:

  • $60 billion in banking assets
  • $4.0 trillion in assets under custody
  • $767 billion in assets under management


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.

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