Northern Trust CEO Says Golf Sponsorship 'Excellent Investment'

Michael O'Grady, CEO of Northern Trust, discusses the company's sponsorship of a golf tournament, highlighting the benefits of brand awareness and client engagement. He outlines his challenges and objectives as CEO, focusing on growth in wealth management, asset management, and asset servicing. O'Grady emphasizes the importance of client goals amidst market volatility and Northern Trust's global presence. He also discusses the integration of blockchain and other technologies into their business. Finally, he shares insights on financial performance and his favorite golfers for the tournament.

What are some benefits Northern Trust gains from sponsoring the golf tournament?

• Improved golf skills for employees

• Increased brand awareness and community investment

• Higher employee salaries

• Reduced operational costs

What is one of the main challenges Michael O'Grady faces as the new CEO?

• Closing down unprofitable branches

• Reducing the number of employees

• Expanding into new industries

• Profitably growing the existing businesses

How does Northern Trust help clients deal with market volatility?

• By encouraging them to focus on their long-term goals

• By investing in high-risk stocks

• By avoiding all market investments

• By focusing on short-term gains

What advantage does Northern Trust have by being headquartered in Chicago?

• Proximity to the ocean

• Lower taxes compared to New York

• A combination of Midwestern roots and global perspective

• Access to better golf courses

Why is Northern Trust interested in blockchain technology?

• To reduce employee workload

• To increase the number of branches

• To better serve clients with innovative solutions

• To replace traditional banking systems

What financial goal has Northern Trust achieved recently?

• Return on equity above 15%

• Doubling the number of clients

• Opening new branches in 10 countries

• Reducing operational costs by 50%

Who did Michael O'Grady play with in the golf tournament program?

• Tiger Woods

• Phil Mickelson

• Bryson DeChambeau

• Dustin Johnson