Northern Trust

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Northern Trust company profile

CEO

Michael Gerard O'Grady

Employees

23,800

Headquarters

50 South La Salle Street, Chicago, IL 60603, US

Sector

Financial Services

Industry

Asset Management

IPO date

17 Mar 1980

Stock exchange

NASDAQ

ISIN

US6658591044

Website:northerntrust.com

About the company

Northern Trust Corporation, a financial holding company established in 1889 and based in Chicago, Illinois, offers a comprehensive suite of wealth management, asset servicing, asset management, and banking solutions worldwide. Its diverse client base includes corporations, institutions, families, and individual investors. The company structures its operations across two primary segments: Asset Servicing and Wealth Management. The Asset Servicing division delivers a broad spectrum of support and operational services tailored for institutional entities. These services include custody, fund administration, outsourced investment operations, investment management, investment risk and analytical reporting, employee benefit services, securities lending, foreign exchange, treasury management, brokerage, transition management, and banking and cash management solutions. This segment serves corporate and public retirement funds, charitable foundations, endowments, investment managers, insurance companies, sovereign wealth funds, and other major institutional investors. Conversely, the Wealth Management segment is dedicated to high-net-worth individuals, families, business owners, executives, professionals, retirees, and established privately held businesses. Its offerings span trust administration, investment management, custody, philanthropic advisory, financial consulting, guardianship and estate administration, family business consulting, family financial education, brokerage services, and private and business banking. Furthermore, Northern Trust provides extensive asset management capabilities, encompassing active and passive strategies for both equity and fixed income, cash management, and alternative asset classes like private equity and hedge funds of funds. These investment products are delivered via diverse vehicles, including individually managed accounts, bank common and collective funds, registered investment companies, exchange-traded funds, non-U.S. collective investment funds, and unregistered private investment funds. The corporation also offers sophisticated overlay and other risk management services.

Employees

Northern Trust had about 23,800 employees at the end of fiscal year 2025 (31 December 2025), by its annual report. That is 2.1% more than a year before.

Employees at each fiscal year end, as the company reports them in its annual report (10-K); revenue and net income per employee are the fiscal year's over that count.

Who owns Northern Trust

Institutions such as funds, banks and insurers held 84.8% of Northern Trust's shares on 30 June 2026, 1,045 of them reporting holdings to the SEC; the rest is held by individual investors and other shareholders.

How Northern Trust pays its executives

The chief executive was paid 10.06M USD for fiscal 2025, 61% of it in shares and options.

FY2025 · From the company's proxy statements to the SEC: what each named executive was paid for the fiscal year, shares and options at their value when granted. The latest filing

Common questions about Northern Trust