Northern Trust Corporation (NTRS)

66.82 -1.02 (-1.50%) At close: 04:00PM EDT

Northern Trust Corporation

50 South La Salle Street
Chicago, IL 60603
United States
312 630 6000
https://www.northerntrust.com

Sector(s): Financial Services
Industry: Asset Management
Full-time employees: 23,600

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Michael Gerard O'Grady	Chairman & CEO	2.03M	N/A	1966
Mr. Jason Jerrome Tyler	Exec. VP & CFO	1.69M	246.74k	1972
Ms. Alexandria Taylor	Exec. VP & Chief HR Officer	1.61M	N/A	1983
Mr. Steven L. Fradkin	Exec. VP & Pres of Wealth Management	2.01M	N/A	1962
Mr. Peter B. Cherecwich	Exec. VP & Pres of Asset Servicing	2.01M	N/A	1965
Mr. Jim Ward	Sr. Investment Officer & Sr. VP of Western Michigan Office	N/A	N/A	N/A
Mr. Ian Headon	Head of Depositary Regulatory & Technical Services	N/A	N/A	N/A
Mr. Thomas A. South	Exec. VP & Chief Information Officer	N/A	N/A	1970
Jennifer Childe C.F.A.	Sr. VP & Director of Investor Relations	N/A	N/A	N/A
Ms. Susan Cohen Levy J.D.	Exec. VP & Gen. Counsel	N/A	N/A	1958

Amounts are as of 31 December 2022, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates in two segments, Asset Servicing and Wealth Management. The Asset Servicing segment offers asset servicing and related services, including custody, fund administration, investment operations outsourcing, investment management, investment risk and analytical services, employee benefit services, securities lending, foreign exchange, treasury management, brokerage services, transition management services, banking, and cash management services. This segment serves corporate and public retirement funds, foundations, endowments, fund managers, insurance companies, sovereign wealth funds, and other institutional investors. The Wealth Management segment offers trust, investment management, custody, and philanthropic; financial consulting; guardianship and estate administration; family business consulting; family financial education; brokerage services; and private and business banking services. This segment serves high-net-worth individuals and families, business owners, executives, professionals, retirees, and established privately held businesses. The company also provides asset management services, such as active and passive equity; active and passive fixed income; cash management; alternative asset classes comprising private equity and hedge funds of funds; and multi-manager advisory services and products through separately managed accounts, bank common and collective funds, registered investment companies, exchange traded funds, non-U.S. collective investment funds, and unregistered private investment funds. In addition, it offers overlay and other risk management services. Northern Trust Corporation was founded in 1889 and is headquartered in Chicago, Illinois.

Corporate governance

Northern Trust Corporation’s ISS governance QualityScore as of 28 September 2023 is 5. The pillar scores are Audit: 6; Board: 8; Shareholder rights: 3; Compensation: 2.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.