Northern Trust Bank | First Northern Bank And Trust At www.northerntrust.com
Northern Trust Corporation is an American international banking and financial services company. It was founded in 1889 and its headquarters is located in Chicago, Illinois. Its three main products are private banking, investment management, and wealth management.
It has offices in North America, Europe, and Asia-Pacific region. It has total assets worth US$117.8billion, employs over 16,000 people and is ranked. The corporation’s principal subsidiary is the Northern Trust Company. It also owns two investment management subsidiaries.
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HISTORY of Northern Trust Bank
First Northern Bank And Trust was founded by Byron smith in 1889 in Chicago. Even though the company faced a serious financial crisis in the early 1990s, aggressive management, write-offs and loan reserves enabled the company to restore its asset quality. Northern Trust bank is one of the largest custodian banks in the world serving foundations, corporate and public retirement, insurance, and government funds.
Services of Northern Trust Bank
Northern Trust bank provides the following services:
Wealth Management: this provides private and business banking, investment management, personal trust, custody and philanthropic services, guardianship and estate administration. Other are; financial consulting, and qualified retirement plans.
It focuses on high net-worth individual and families, professionals, executives, retirees, business owners and privately held businesses in its target market. It also provides products and services to individual and businesses with assets exceeding $75million.
Asset Management: it offers alternative asset classes (such as private equity and hedge funds of funds), both active and passive equity and fixed income portfolio management, as well as multi-manager products and services.It also includes brokerage and related services.
Corporate and Institutional Services: this provides asset management, asset servicing, and related services to corporate and public retirement funds, endowments, companies, foundations, companies, fund managers, and government funds.
It also provides some related foreign exchange services in some countries like the United States, the United Kingdom and Singapore. It also provides commercial banking services, with emphasis on developing and supporting institutional relationships in large and mid-sized corporations, and financial institutions. With the aid of the Northern Trust asset management division, it provides investment management, securities lending, transition management, and commission recapture services.
Online Services of First Northern Bank And Trust
Northern Trust provides online services for only its wealth management services through Private Passport, an online platform that enables customers to manage all their accounts in one convenient place. It accommodates customers with both simple needs and those with complex financial portfolios. The Private Passport can also be accessed through the use of a mobile phone.
Awards And Recognitions of Northern Trust Bank
Northern Trust has received the following awards:
World’s most admired companies by Fortune Magazine 2016.
America’s Best Large Employers – Banking and Financial Services by Forbes, 2016.
World’s Most Ethical Company by Ethisphere Institute, 2016.
World’s Best Private Bank – The United States by the Global Finance, 2015.
Best Banks in America by Forbes, 2015.
The corporation has also received awards for excellent performance in corporate responsibility, asset servicing, wealth management, asset management and technological innovations.
WEBSITE of Northern Trust Bank
www.northerntrust.com the website provides information about the corporation, its insights and research, and its products and services. It also provides access to Private Passport, the online platform for wealth management.