Description

Northern Trust Corporation, a leading financial holding company, provides an extensive range of services including wealth management, asset servicing, asset management, and banking solutions. Its global client base spans corporations, institutions, families, and individuals. The company is structured into two main operating segments. The Corporate & Institutional Services (C&IS) division offers a broad suite of asset-related and support functions, such as asset custody, fund administration, outsourced investment operations, investment management, investment risk analysis, employee benefits, securities lending, foreign exchange, treasury, brokerage, transition management, and banking with cash management. This segment primarily serves large organizational clients like corporate and public pension funds, charitable foundations, university endowments, fund managers, insurance firms, sovereign wealth funds, and other institutional investors. The Wealth Management division delivers specialized services to affluent clients, encompassing trust administration, investment management, asset safekeeping, philanthropic advice, financial planning, guardianship and estate management, family business consulting, and family financial education. It also provides tailored brokerage and private and business banking services. Its clientele includes high-net-worth individuals and families, business owners, executives, professionals, retirees, and established privately held businesses. Beyond these core areas, Northern Trust also excels in asset management, offering a diverse array of investment strategies. These include actively and passively managed equity and fixed income portfolios, cash management, and alternative asset classes such as private equity and hedge funds of funds. These investment products and advisory services are made available through various vehicles, including separately managed accounts, collective investment funds (like bank common/collective funds, registered investment companies, and non-U.S. collective funds), exchange-traded funds (ETFs), and unregistered private investment funds. Furthermore, the company provides sophisticated overlay and other risk management services. Established in 1889, Northern Trust Corporation maintains its headquarters in Chicago, Illinois.