Northern Trust Named Best Private Bank in U.S.

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: “Best Private Bank in the U.S.” “Best Private Bank for Family Offices” “Best Private Bank for Innovation” “Northern Trust’s entry impressed our panel of judges for several reasons,” said Professional Wealth Management Editor-in-Chief Yuri Bender. “They appreciated the firm’s institutional investment expertise, leveraged to manage...

Standard Chartered and Northern Trust to Launch a Cryptocurrency Custodian

SC Ventures, the innovation and ventures unit of Standard Chartered, and Northern Trust, a leading provider of asset servicing, have entered into an agreement to launch Zodia Custody, an institutional-grade custody solution for cryptocurrencies. Cryptocurrencies already represent 0.3% of the world’s currency and bank deposits and are forecast to continue growing with a CAGR of 32% from 2019 to 20241. While there is increasing interest from institutional investors, they account for only 9% of investments in...

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