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Northern Trust Press Release

 
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Northern Trust Named Best Private Bank in North America

 

Professional Wealth Management & The Banker award recognizes need for transparency, trusted advice

 

London, November 03, 2009 —

Northern Trust, a leading provider of financial services for affluent individuals and institutions, has been named Best Private Bank in North America by Professional Wealth Management and The Banker magazines, both published by the Financial Times Group.

“The North American award category was a particularly competitive one, with a number of powerful players making impressive submissions,” said Yuri Bender, Editor in Chief of Professional Wealth Management. “The judges chose Northern Trust as the winner for factors including a fiduciary mindset that attempts to put the client first, its family focus and investment in customer-facing technology.”

“We are deeply honored to receive this recognition,” said Sherry Barrat, president of Northern Trust Personal Financial Services. “Our clients place a high premium on trusted advice, transparency, and financial strength – principles that have been at the core of Northern Trust over its 120-year history. We are passionate about placing our clients at the center of everything we do, and helping them reach their financial goals.”

The award, one of several Global Private Banking inaugural awards, was presented by Professional Wealth Management and The Banker, at an Oct. 27 ceremony in Geneva. Private banks and wealth managers worldwide entered the awards and winners were selected following examination of quantitative and qualitative aspects of the private banking/wealth management business.

About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of investment management, asset and fund administration, banking solutions and fiduciary services for corporations, institutions and affluent individuals worldwide. Northern Trust, a financial holding company based in Chicago, has offices in 18 U.S. states and 16 international locations in North America, Europe, the Middle East and the Asia-Pacific region. As of September 30, 2009, Northern Trust had assets under custody of US$3.6 trillion, and assets under investment management of US$611 billion. For 120 years, Northern Trust has earned distinction as an industry leader in combining exceptional service and expertise with innovative products and technology. For more information, visit www.northerntrust.com.

Northern Trust operates in Australia as a foreign authorised deposit-taking institution (foreign ADI) and is regulated by the Australian Prudential Regulation Authority.

Northern Trust in Hong Kong is a securities company regulated by the Securities and Futures Commission.

Northern Trust in Singapore is a foreign wholesale bank regulated by the Monetary Authority of Singapore.

Northern Trust operates in China as a Representative Office and is regulated by the China Banking Regulatory Commission.

 Northern Trust (Guernsey) Limited, Northern Trust Fiduciary Services (Guernsey) Limited, Northern Trust Fiduciary Company (Guernsey) Limited and Northern Trust International Fund Administration Services (Guernsey) Limited are licensed by the Guernsey Financial Services Commission.

Northern Trust International Fund Administrators (Jersey) Limited and Northern Trust Fiduciary Services (Jersey) Limited are regulated by the Jersey Financial Services Commission.

Northern Trust Global Services is authorised and regulated in the Netherlands by De Nederlandsche Bank.

Northern Trust Global Services Limited Luxembourg Branch is authorised and regulated by the Financial Services Authority and in Luxembourg by the Commission de Surveillance du Secteur Financier (CSSF) and Northern Trust Luxembourg Management Company S.A. is regulated by the CSSF.

Northern Trust Global Services Limited – Abu Dhabi. Representative Office, Licence number 13/238/2008.

Where Northern Trust’s UK entities undertake regulated business, they are authorised and regulated in the United Kingdom by the Financial Services Authority.

Northern Trust International Fund Administration Services (Ireland) Limited and Northern Trust Fiduciary Services (Ireland) Limited are regulated by the Financial Regulator.

The Northern Trust Company operates in Canada as The Northern Trust Company, Canada Branch which is an authorized foreign bank branch under the Bank Act (Canada).   Trustee related services in Canada are provided by the wholly owned subsidiary The Northern Trust Company, Canada, an authorized trust company under the Trust & Loans Companies Act (Canada).  Deposits with The Northern Trust Company and its affiliates and subsidiaries are not insured by the Canada Deposit Insurance Corporation.

Northern Trust Global Services Ltd (UK) Sweden Filial is a BCD Passported branch of Northern Trust Global Services Ltd a firm authorised and regulated in the UK by the Financial Services Authority (‘FSA’).

 

 
 
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