Northern Trust announced it has been recognized by Professional Wealth Management and The Banker magazines, publications of the Financial Times Group, receiving top honors as "Best Private Bank for Family Offices, U.S." and "Best Private Bank for Succession Planning, U.S." Additionally, Northern Trust earned a designation in the categories of "Best Private Bank in the U.S." and "Best Private Bank for Wealthy Women, North America." This honor was given due to their impressive portfolio and renowned client service.

The accolades from Professional Wealth Management and The Banker hold significant merit in the finance industry. The accolades received by Northern Trust are part of the Global Private Banking Awards, established in 2009 to acknowledge excellence in the global wealth management industry, with over 120 banks from a record 65 countries participating in the submissions. Northern Trust's Global Family & Private Investment Offices (GFO) group serves over 450 families in more than 30 countries, according to a press release by Northern Trust.

A statement from the President of Northern Trust Wealth Management highlighted their dedication towards client satisfaction. "We are grateful for this recognition of the world-class service that we provide to our clients and the ways we enhance our products and services for their benefit," said Northern Trust Wealth Management President Steven L. Fradkin. "Our innovations in succession planning continue our 130-year history of helping our personal and institutional clients achieve their goals and pass on their values, not just their assets," according to a press release by Northern Trust.

Fradkin further elaborated on the work done by their Global Family and Private Investment Offices group. According to a press release by Northern Trust, Fradkin stated that "Our Global Family and Private Investment Offices (GFO) is a global leader in providing seamless service to clients across 25 countries, with a focused commitment to families of significant wealth, their private foundations and the family offices that serve them."

David W. Fox Jr., President of GFO also shared his thoughts on the recognition received by Northern Trust. "We are pleased for this recognition of the ways that our world-class capabilities assist our clients in handling their most complex challenges," said GFO President David W. Fox Jr., according to a press release by Northern Trust. "We surround our clients with our dedicated investment team, international focus, and sophisticated technology solutions to access disparate and diverse holdings."