Northern Trust Named Best Private Bank in U.S.

CHICAGO--(BUSINESS WIRE)--Northern Trust, a leading provider of wealth management services, has taken top honors in three categories from Professional Wealth Management and The Banker magazines, publications of the Financial Times Group:

With this latest recognition, Northern Trust becomes a 14-time winner of “Best Private Bank in the U.S.,” underscoring its leadership in wealth management and enduring commitment to clients.

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• “Best Private Bank in the U.S.”
• “Best Private Bank in North America for Entrepreneurs”
• “Best Private Bank in North America for Alternatives”

With this latest recognition, Northern Trust becomes a 14-time winner of “Best Private Bank in the U.S.,” underscoring its leadership in wealth management and enduring commitment to clients. The Global Private Banking Awards, created in 2009, attracted nearly 350 submissions from more than 100 banks from around the world.

Professional Wealth Management Editor-in-Chief Yuri Bender said Northern Trust’s customized approach for entrepreneurs and its proven alternative investment strategies were among the highlights.

“The Northern Trust entry found favour with the judges for its focus on helping entrepreneurs overcome innovation challenges, through coordinating peer group networks,” Bender said. “They were also impressed with the safeguarding of client portfolios against political events and the wider range of alternative assets being deployed in investment.”

The evolving wealth landscape—shaped by complex family dynamics and intergenerational transitions—continues to redefine how clients approach wealth and legacy. Northern Trust’s strength as a private bank lies in the combination of fiduciary expertise and modern investment strategies, according to Wealth Management President Jason Tyler.

“For more than a century, we have been trusted advisors to the world's most sophisticated families, delivering tailored solutions that address the full complexity of their wealth,” Tyler said. “We are proud to serve entrepreneurs, families and institutions who value both the prudence of long-term stewardship and the innovation needed to capture new opportunities.”

Northern Trust accepted the awards at an event in London on November 6.

Northern Trust Wealth Management offers holistic wealth management services for affluent individuals and families, family offices, foundations and endowments, and privately held businesses. It is recognized for its innovative technology, service excellence and depth of expertise, with $492.6 billion in assets under management as of September 30, 2025. The Northern Trust Company is an Equal Housing Lender. Member FDIC.

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking services to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 24 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of September 30, 2025, Northern Trust had assets under custody/administration of US$18.2 trillion, and assets under management of US$1.8 trillion. For more than 135 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit us on northerntrust.com. Follow us on Instagram @northerntrustcompany or Northern Trust on LinkedIn.

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 https://www.northerntrust.com/terms-and-conditions.