NORTHERN TRUST CORP
Northern Trust Corporation is a leading financial services provider offering asset servicing, asset management, and banking solutions to corporations, institutions, families, and individuals. Its principal subsidiary is The Northern Trust Company, a Chicago-based Illinois banking corporation with consolidated assets of $150.3 billion and common bank equity capital of $11.6 billion. The Corporation was formed in 1971 and has a global presence with offices in 24 U.S. states, Washington, D.C., Canada, Europe, the Middle East, and the Asia-Pacific region. Northern Trust's business strategy is to provide quality financial services to targeted market segments and differentiate itself with premier, holistic solutions and exceptional experiences tailored to meet clients' needs. Its two client-focused reporting segments are Asset Servicing and Wealth Management. Asset Servicing is a global provider of asset servicing and related services to institutional investors, including custody, fund administration, investment operations outsourcing, investment management, and securities lending. Asset Servicing had total assets under custody/administration (AUC/A), assets under custody, and assets under management (AUM) of $14.36 trillion, $10.88 trillion, and $1.03 trillion, respectively, at December 31, 2023. Wealth Management focuses on high-net-worth individuals and families, business owners, executives, professionals, retirees, and established privately-held businesses. Wealth Management provides trust, investment management, custody, philanthropic services, financial consulting, and private and business banking. Wealth Management had AUC/A, assets under custody, and AUM of $1.04 trillion, $1.03 trillion, and $402.5 billion, respectively, at December 31, 2023. Asset Management supports the Asset Servicing and Wealth Management reporting segments by providing a broad range of asset management and related services and other products to clients around the world. Asset Management operates internationally through subsidiaries and distribution arrangements and had managed $1.43 trillion in assets as of December 31, 2023. Northern Trust's website is www.northerntrust.com, and its common stock is traded on the NASDAQ Stock Market under the ticker symbol NTRS.