Founded in 1889 as a Chicago-based bank, Northern Trust is now an international financial company, providing asset and wealth management products and services to a broad range of clients, from sovereign wealth funds and high net worht individuals and families, to hedge funds and corporations.
Northern Trust Company (The) has Category B banking license number 82032 issued by the Cayman Islands Monetary Authority. This type of license allows Northern Trust Company (The) to conduct banking and trustee operations with non-residents and domestic banking business with other Cayman Islands licenced entities.
There is no deposit guarantee scheme in the Cayman Islands: in the case of Northern Trust Company (The) failure its depositors will not get any compensation.
Northern Trust Company (The) is authorized and supervised by the Cayman Islands Monetary Authority.