Northern Trust Corporation · Chicago, IL United States ·(NASDAQ (GS): NTRS)
Company Description
Phone: 312-630-6000
Fax: 312-630-1512
Rankings
- #371 in FT Global 500
- #430 in FORTUNE 500
- S&P 500
View Northern Trust Corporation Locations On A US Map
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This link will open in a new window Since its founding in 1889, Northern Trust Corporation has been working hard to keep clients' trusts. Flagship subsidiary The Northern Trust Company -- along with other units bearing the Northern Trust name -- provides banking and trust services to the affluent and to financial institutions and corporations from 85 offices in nearly 20 states and about a dozen countries. Operating in two segments, Corporate and Institutional Services and Personal Financial Services, the corporation is a leading personal trust manager in the US, specializing in master trust services and catering to corporate pension plans and institutional clients. To read the full description, subscribe now.
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Key Northern Trust Corporation Financials
| Company Type | Public - NASDAQ (GS): NTRS Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $4,278.5 |
| 2008 Employees | 12,200 |
Northern Trust Corporation Executives
102 executives listed for Northern Trust Corporation's Chicago, IL location.
| Title | Name & Bio | Contact |
| Chairman | William Osborn | Network |
| President, CEO, and Director, Northern Trust Corporation and Northern Trust Company | Frederick Waddell | Network |
| EVP and President, Worldwide Operations and Technology | Jana Schreuder | Network |
Competition
Competitive Landscape for Northern Trust Corporation
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top Northern Trust Corporation Competitors
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