Central Banking magazine, part of Incisive Media, has named Northern Trust its Global Custodian of the Year in its first awards recognizing excellence in the central banking community. The award was based on Northern Trust's excellence in asset servicing, client service, and execution around innovation and change.
"We are delighted to receive recognition from Central Banking, which reflects our success in providing global custody and related services to sovereign entities all around the globe," said Steven L Fradkin, president of Northern Trust's Corporate & Institutional Services business. "We see significant interest, particularly in Africa and Asia, as we continue to put the interests of our clients at the forefront of our thinking."
"A clear and committed focus on providing first rate asset servicing solutions to sovereign clients - both big and small - combined with a robust technology platform made Northern Trust stand out last year," said Central Banking. "For its ability to collaborate with clients and cater to their individual needs, across asset classes and currencies around the world, Northern Trust is Central Banking journal's global custodian of the year for 2013."
Central Banking launched the awards to acknowledge outstanding performance by public officials in central banks and market practitioners around the world. Drawing on almost 25 years of independent and informed reporting, analysis and comment, the Central Banking Awards is judged by a panel made up of the Central Banking editorial team and editorial advisory board.
Northern Trust will be featured as a category winner in the February edition of Central Banking and Northern Trust executives will accept the award at a ceremony in London in March.
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 18 international locations in North America, Europe, the Middle East and the Asia-Pacific region. As of December 31, 2013, Northern Trust had assets under custody of US$5.6 trillion, and assets under investment management of US$884.5 billion. For more than 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 or follow us on Twitter @NorthernTrust.
Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at http://www.northerntrust.com/disclosures