Whatever Your Greater, We Can Help You Achieve ItFor more than a century, Northern Trust has worked hard building our legacy of outstanding service, expertise and integrity.
From a Chicago-based bank founded in 1889, we now have more than 20 international locations and 16,500 employees globally. We serve the world’s most-sophisticated clients – from sovereign wealth funds and the wealthiest individuals and families, to the most-successful hedge funds and corporate brands.
Our guiding principles not only survived but thrived during the Great Depression, two world wars and the 2008 financial crisis.
We burnished our reputation as a global leader delivering innovative investment management, asset and fund administration, fiduciary and banking solutions enabled by sophisticated, leading technology. And through it all, we continually laid a solid, forward-looking foundation on which future generations can continue growing and achieving greater.
[table][/table] As of September 30, 2017, Northern Trust Corporation had:
$131 billion in banking assets
$7.8 trillion in assets under custody
$9.7 trillion in assets under custody/administration
$1.1 trillion in assets under management
Northern Trust Corporation reports third quarter net income of $298.4 million, earnings per common share of $1.20.Frederick H. Waddell, Chairman and Chief Executive Officer, commented, “Our third quarter results continued to demonstrate our ability to drive top-line growth with revenue increasing 11% compared to one year ago.
Assets under custody/administration and assets under management ended the quarter up 14% and 19%, respectively, compared to a year ago, reflecting higher markets and our continued success in winning new business. On October 2, 2017, we announced the closing of our acquisition of UBS Asset Management’s fund administration units in Luxembourg and Switzerland, further underpinning our growth strategy in Continental Europe. With our ‘Value For Spend’ initiative, we plan to reduce our expense run-rate by approximately $250 million by 2020.”
Northern Trust Corporation is a financial services company headquartered in Chicago, Illinois. It provides investment management, asset and fund administration, and fiduciary and banking services through a network of 85 offices in 18 US states and 20 international offices in North America, Europe, and the Asia-Pacific. As of March 31, 2017, the company had $121 billion in banking assets, $7.1 trillion in assets under custody and $1.0 trillion in assets under management.
The company strives to give approximately 1.5% of its pre-tax profits to charities every year. In the 10 years preceding 2014, the company gave over $120 million in support of non-profit organizations.[4
