x
Your preference has been saved. Remove your saved preference.
You must supply both a username and a password to login.
You must supply a username, password and token to login.
Sign on
Passport secured login icon  
 
Wealth Management
Asset Management
Asset Servicing
Insights & Research
About Northern Trust
Search go
Click to close drop down menu.
 
Click to close drop down menu.
Financial Intermediary
Learn about asset management solutions designed for Retirement Plan Advisors, TAMPs/Outsourcing Providers, Subadvisory Program Sponsors, RIAs/Financial Advisors and Trust Institutions.
Institutional
Learn about asset management solutions including: global index management, active equity and fixed income, target retirement date funds, and manager of manager programs.
Individual
Get answers to your investment challenges with asset management capabilities including alternatives, exchange traded funds, fixed income, mutual funds and tax-advantaged equity.
Click to close drop down menu.
 
Northern Trust Logo
 

Northern Trust News

 
.
 
 
 
 
 
 
 
 
.
 

Northern Trust in the News

 

Northern Trust Corporation reports first quarter net income of $181.4 million, earnings per common share of $0.75

Frederick H. Waddell, Chairman and Chief Executive Officer, said, “Our first quarter 2014 results improved compared to a year ago with trust, investment and other servicing fees increasing 8%, total revenue increasing 7% and net income and earnings per share increasing 11 and 12%, respectively. We also experienced strong growth in client assets under custody and under management of 15% and 13%, respectively.

We continue to focus on enhancing productivity and efficiency, while investing in people and technology to serve our growing businesses, expand our capabilities and continue to satisfy evolving regulatory requirements.

Northern Trust’s financial strength is evidenced in our capital ratios, and we are pleased that the Federal Reserve did not object to the proposed capital actions contained in our 2014 Capital Plan, which provides us with the flexibility to return more capital to our stockholders in the year ahead.”

.
 

Media Kit

Executive Biographies

 
Frederick H. Waddell

Frederick H. Waddell

Chairman and Chief Executive Officer
View Profile
 
Hide Profile
Frederick H. Waddell

Frederick H. Waddell

Chairman and Chief Executive Officer
 
Frederick H. Waddell is Chairman and Chief Executive Officer of Northern Trust, one of the world's leading asset management, asset servicing, fund administration, fiduciary and banking services firms. Serving successful individuals, families and institutions worldwide, the Chicago-based, 124-year-old financial institution had $5.6 trillion in assets under custody and $884 billion in assets under management as of December 31, 2013.

Since joining Northern Trust in 1975, Mr. Waddell has held leadership positions in commercial banking, strategic planning and Wealth Management. In March 2003, he became head of the Corporate & Institutional Services business unit and, in February 2006, was named President and Chief Operating Officer of Northern Trust. Mr. Waddell was appointed Chief Executive Officer on January 1, 2008, and named Chairman in November 2009.

Mr. Waddell received a bachelor's degree in government from Dartmouth College and a master's degree in business administration from the J.L. Kellogg School of Management of Northwestern University.

Mr. Waddell is a member of the Board of Directors of the Federal Reserve Bank of Chicago, AbbVie, Inc., The Chicago Council on Global Affairs, The Economic Club of Chicago, the Financial Services Roundtable, The Chicago Club, Chicago Urban League and the United Way of Metropolitan Chicago. He is Chairman of the Commercial Club of Chicago and Vice Chairman of the Civic Committee of the Chicago Commonwealth Club. He is on the Board of Trustees of the Art Institute of Chicago, Northwestern University, the Chicago Symphony Orchestra and Northwestern Memorial Hospital. He also serves on the Trustees Committee of the Chicago Community Trust. Mr. Waddell serves as an Executive Advisor to the Metropolitan Planning Council.
Bill Morrison

Bill Morrison

President, Chief Operating Officer
View Profile
 
Hide Profile
Bill Morrison

Bill Morrison

President, Chief Operating Officer
 
William L. Morrison is President & Chief Operating Officer of Northern Trust Corporation and is a member of the Management Group.

Prior to his current position, he served as Executive Vice President & Chief Financial Officer from October 2009 to October 2011. From 2003 through 2009 he served as President of Wealth Management and Chairman of Northern Trust, NA. From 1996 to 2003 he served as Chairman, President and Chief Executive Officer of Northern Trust Bank of Florida, and President and a Director of Northern Trust of Florida Corporation.

Prior to joining Northern Trust Bank, Bill was President and a Director of Intercontinental Bank until it was acquired by NationsBank in December, 1995. He began his banking career in 1973 with Pan American Banks, Inc. and held various positions including Senior Vice President in Corporate Banking and Executive Vice President for Corporate Lending. Pan American Banks, Inc. was acquired by NCNB National Bank of Florida in December, 1985.

Bill received his B.S. in Finance from the University of Pennsylvania, Wharton School in 1973.

Bill was a resident of Miami from 1973 to 2010. He currently serves as Vice Chairman of the Board of Trustees of the University of Miami and as a Trustee of the New World Symphony.

He is a Board Member of Junior Achievement of Chicago, Museum of Science & Industry and is a recent Chairman of the Board of Palmer Trinity School and is now a Board Member.
Steven L. Fradkin

Steven L. Fradkin

President, Corporate & Institutional Services
View Profile
 
Hide Profile
Steven L. Fradkin

Steven L. Fradkin

President, Corporate & Institutional Services
 
Steven is President of the Corporate & Institutional Business Unit at Northern Trust and serves as a member of the Corporation’s Management Committee. Northern Trust’s C&IS business unit is a leading provider of asset servicing, investment management, banking and related services to institutional clients worldwide including but not limited to: sovereign wealth funds; corporate and public pension funds; investment management firms; insurance companies; foundations; endowments; healthcare organizations; financial institutions; and, other supranational organizations.

Prior to assuming his current role, he served as Executive Vice President & Chief Financial Officer of Northern Trust. Mr. Fradkin led Northern Trust’s international business before serving as Chief Financial Officer as Northern Trust developed its business outside the United States. During his tenure, Northern Trust’s international business grew to approximately one third of the Corporation's annual net income while Global Custody Assets increased seven-fold.

Steve joined Northern Trust in 1985 after graduating with a B.A. degree in economics from Washington University in St. Louis. He completed the executive program at Harvard Business School in 1994.

Steve serves on the Board of Directors of the Chicago Horticultural Society (Chicago Botanic Garden). He is a member of the Suzanne's Friends for Life Chapter of the Leukemia Research Foundation, the Chicago Council on Global Affairs, Washington University's Arts & Sciences National Council and Chicago Regional Cabinet, and is a Director of the Davidson Commission Company.

He is also the founder of CFO Select, an exclusive forum for the exchange of ideas and best practices amongst Chief Financial Officers.
Jana Schreuder

Jana Schreuder

President, Wealth Management
View Profile
 
Hide Profile
Jana Schreuder

Jana Schreuder

President, Wealth Management
 
Jana R. Schreuder is a member of the Northern Trust Executive Management Group and is President of Wealth Management. Based at the company’s headquarters in Chicago, Jana leads Northern Trust’s private client and wealth management services globally, including investment management, fiduciary consulting, financial planning, private banking and other advisory services designed to assist successful individuals and families in growing, protecting and transferring their wealth.

Prior to her current role, Jana was President of Operations & Technology at Northern responsible for the technology infrastructure and applications development as well as custody and banking operations that support Northern Trust’s global business. She previously was the Corporation’s Head of Risk Management, responsible for overseeing the management of credit, market, fiduciary, operating, compliance, and strategic risk across all segments of our global business.

Jana was Group Head of the Public Entities and Institutions Segment responsible for client servicing and sales in the Corporate and Institutional Services Business Unit. Before that assignment, Jana was President and Chief Executive Officer of Northern Trust Retirement Consulting, L.L.C. (NTRC) in Atlanta, Georgia. NTRC delivered Actuarial/Consulting, Defined Contribution Outsourcing, Defined Benefit Outsourcing, Comprehensive Benefit Statements, and Education/Communication services.

Previous to the above-mentioned roles, Jana was Head of Wealth Management National Services and was responsible for overseeing the development, management, and servicing of nationally focused products/services, as well as implementing consistent service standards and policies across the multi-state office network.

Jana also served as Northern Trust's E-Commerce Director.

Jana joined Northern Trust in 1980 as an employee benefits accountant. During her extensive career, she has also managed such areas as Securities Operations, Information Delivery and Risk and Performance Services.

Jana received a B.A. degree in business from Southern Methodist University, and a M.M. degree in finance/marketing from Northwestern University. She is a 2006 graduate of the CEO Perspectives Program at Northwestern's Kellogg School of Management. Jana serves as a Director for Datacard Corporation, the Chicago Lyric Opera and is Director & Treasurer for the Chicago Public Education Fund Board. She also serves as a Trustee, Ravinia Festival, is a member of The Committee of 200 (C200) and is Co-Chair-Chicago Chapter of Women Corporate Directors (WCD).
Stephen Potter

Stephen Potter

President, Asset Management
View Profile
 
Hide Profile
Stephen Potter

Stephen Potter

President, Asset Management
 
Steve Potter is President of Northern Trust Asset Management. He is also Executive Vice President of Northern Trust and sits on the Corporation’s Management Group.

From 2001 until 2008, Steve was based in London and served as the Chief Executive Officer of Europe, Middle East and Africa overseeing all of Northern Trust's businesses in the region. He also served as Chairman and Chief Executive Officer of Northern Trust Global Services, Ltd. and Chairman of Northern Trust Global Investments, Ltd. He previously served in London as Segment Head of International and Global Fund Services.

Prior to moving to London, Steve served in Chicago as Managing Director of the Institutional Group within Northern Trust Asset Management. In this role he was responsible for global strategic planning, marketing, product development, client servicing and sales related to the institutional asset management business. Steve joined Northern Trust in 1982 and has 31 years of experience within the financial services industry.

Steve holds a B.A. in economics and history from Duke University and an MBA with concentrations in marketing and finance from the J. L. Kellogg Graduate School of Management at Northwestern University.

He is a member of the board and the executive committee of Rush University Medical Center. He also serves on the Duke University Trinity College Board of Visitors and the boards of the Solti Foundation, the CFA® Society of Chicago and the British American Business Council. He is a member of the Financial Services Roundtable, the London Capital Club, the Worshipful Company of International Bankers, the Economic Club of Chicago and the Chicago Commonwealth Club.
.
.

NTRS $60.84


Change: up 0.55
.

Insights & Research

 
Katie Nixon on CNBC Power Lunch

Katie Nixon on CNBC Power Lunch - April 8, 2014

Wealth Management Chief Investment Officer Katie Nixon joins CNBC's Sue Herera on Power Lunch to discuss potential opportunities for growth in the market, with a focus on the technology sector.
.
 

Investment Strategy

Review the latest market commentaries from our experts.
.
 

Fed Tapering Impact: Lessons for Emerging Markets - Carl Tannenbaum: The View from Here (April 2014)

Northern Trust’s chief economist discusses the effect of the Fed’s tapering on emerging markets, what emerging markets can do to regain stability, the possibility of a global contagion, and key indicators to monitor in this sector.

.
 
 
.
 
 
 
 
 
 
 
.