October 01, 2016 12:20 PM ET

Banks

Company Overview of The Northern Trust Company

Company Overview

The Northern Trust Company provides banking services in Illinois. The company is headquartered in Chicago, Illinois. The Northern Trust Company operates as a subsidiary of Northern Trust Corporation.

50 South La Salle Street

Chicago, IL 60690

United States

Founded in 1889

Phone:

312-630-6000

Fax:

312-444-5244

Key Executives for The Northern Trust Company

Chairman and Chief Executive Officer
Age: 62
President and Chief Operating Officer
Age: 68
Chief Financial Officer
Age: 76
Head of European Sales
Executive Vice President
Compensation as of Fiscal Year 2016.

The Northern Trust Company Key Developments

Bridgewater All Weather Euro Fund Limited Appoints The Northern Trust Company as Secondary Cash Custodian

The Directors of Bridgewater All Weather Euro Fund Limited announced that The Northern Trust Company has been appointed as the Fund's secondary cash custodian. The secondary custodian has over $6.0 trillion assets under custody and is regulated as a custodian by the Federal Reserve Bank of Chicago. In accordance with the terms of the secondary custodian agreement entered into between the secondary custodian and the fund, effective as of November 20, 2015, the secondary custodian serves as the secondary cash custodian for the fund. The secondary custodian has been appointed as a secondary cash custodian in addition to the fund's other custodian, The Bank of New York Mellon. The allocation of assets between the secondary custodian and The Bank of New York Mellon is a matter to be determined by Bridgewater Associates, LP, the investment manager of the Fund. The secondary custodian has agreed in the secondary custody agreement to establish and maintain a custody account in the name of the fund and to hold in such account all of the fund's cash deposited with the secondary custodian and to provide transaction settlement, overdraft financing (if any), and account statement services. Any cash held by the secondary custodian for the account of the fund may be held in a custody account maintained by the secondary custodian or invested in regulated investment companies. In performing its duties and obligations under the secondary custody agreement, the secondary custodian must act in a manner consistent with that of a professional custodian acting in the jurisdiction in which the assets are located with the care, skill, efficiency, timeliness, prudence and diligence under the circumstances then prevailing that a professional custodian acting in a like capacity and familiar with such matters would use. The secondary custody agreement also provides that the secondary custodian will not be liable for any act taken or omitted except to the extent losses, expenses, penalties or taxes arise directly from the secondary custodian's negligence, fraud or willful misconduct in the performance or non-performance of the responsibilities specifically allocated to it under the secondary custody agreement. The secondary custodian will be paid customary custodial fees based upon a fee schedule agreed to from time to time. Secondary custodian fees will be calculated and payable on a quarterly basis. services under the secondary custody agreement may be provided by the secondary custodian or any of its affiliates, in the secondary custodian's discretion, provided that the secondary custodian will remain fully responsible for the performance of such services in accordance with the provisions of the secondary custodian agreement.

Northern Trust Corporation and The Northern Trust Company Appoint Thomas E. Richards as Director

On July 21, 2015, the Board of Directors of Northern Trust Corporation (the corporation) elected Thomas E. Richards as a director of the corporation. Mr. Richards also was elected as a director of The Northern Trust Company, the corporation's principal subsidiary, on such date. The corporation's Board of Directors has not yet determined to which committees of the Board Mr. Richards will be named. Prior to joining CDW, Richards held leadership positions with Qwest Communications International Inc., including Executive Vice President and Chief Operating Officer.

Mercer Appoints Northern Trust Company as Custodian of Mercer Funds in Australia in the Place of NAB Asset Servicing

Mercer has appointed Northern Trust Company to undertake custody and investment administration of Mercer's investment and superannuation funds in Australia. Northern Trust was appointed due to the strength of its offer to meet Mercer's business requirements and growth ambitions in both an institutional and retail investment context. Northern Trust will provide Mercer with timely and comprehensive access to a richer data set than has been available to date, along with broader access to emerging markets. Northern Trust will succeed NAB Asset Servicing as the custodian of Mercer's funds in the Australian market.

Similar Private Companies By Industry

Company Name Region
1st Bank Of Sea Isle City United States
1st Financial Bank USA United States
1st Manatee Bank United States
1st National Bank United States
1st Trust Bank, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Bloomberg L.P. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact The Northern Trust Company, please visit --. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.