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Northern Trust Company Canada
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Northern Trust is a global
leader in delivering innovative investment management, asset and fund
administration, fiduciary and banking solutions to corporations,
institutions and affluent individuals worldwide. Moving forward with the
times and maintaining long-standing principles are not mutually exclusive.
In the midst of change, there is a need for some things that remain
constant. Now more than ever, the clients need a strong foundation to rely
on as their financial affairs become more complex. For more than 120 years,
the Company have evolved with the changing needs of the clients.
Throughout its history,
Northern Trust has led the financial services industry by aligning the
efforts with its guiding principles. Today, these shared principles continue
to unite Northern Trust’s partners around the globe. For now, Northern Trust
are the largest administrator of offshore private equity funds in Europe,
and one of the world’s leading providers of institutional index management
services.
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Northern Trust Company Canada
branch committed to develop and deliver the most innovative products, manage
customer experience, deliver quality service that contribute to brand
strength, develop a competitive advantage and enhance profitability, thus
providing value to the stakeholders of the bank. |
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Northern Trust Company
Category : Schedule III
SWIFT Code : CNORCATT
Address :
145 King Street West, Suite 1910
Toronto, Ontario M5H 1J8
Canada
Telephone : +1 (416) 365-7161
Website : www.northerntrust.com
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Unlike the
Schedule I and
Schedule II banks,
as a Schedule III bank,
Northern Trust Company Canada branch are NOT incorporated under the Bank Act and therefore
operate in Canada under other government-mandated restrictions.
Schedule III banks usually
operate within the country's largest cities
(being Toronto, Montreal, Calgary and Vancouver), under certain restrictions
mentioned in the Act. As of October 2010, there were 23 such banks in
Canada.
In Canada, the Office of the Superintendent of
Financial Institutions (OSFI) is responsible for administering a number of
federal statutes, including the Bank Act and the Trust and Loan Companies
Act, the statutes applicable to the regulation of banks and federal trust
and loan companies.
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