Northern Trust (Nasdaq: NTRS), a leading provider of financial services for institutions, affluent individuals and families, announced today that it has been named one of Working Mother magazine's Best Companies for Multicultural Women in 2012. The annual ranking honors companies that are dedicated to hiring, retaining and advancing multicultural women within their organization.
"At Northern Trust, we believe the wide-ranging views and experiences that an inclusive and diverse workforce brings to the table have been a key component of our ongoing business success as we serve clients around the globe," Northern Trust Global Chief Diversity and Inclusion Officer Mark Welch said. "We are honored that Working Mother has acknowledged our commitment to fostering a workplace environment that promotes and encourages diversity for all employees."
Northern Trust is a leader in the financial services industry in advocating workplace diversity and an inclusive organizational culture. In 2011, Northern Trust increased its U.S. population of ethnic minorities in senior management roles by 27 percent. The number of women in senior management roles also increased by 15 percent globally.
"The Best Companies for Multicultural Women value the power of a diverse workforce and work hard to make sure their pipelines are filled with talented women of color," Working Mother Research Institute Director Jennifer Owens said. "Even beyond mentoring and networking programs, these companies are reaching out to professional and school groups and sponsoring recruitment events to attract the best multicultural female talent."
Northern Trust's commitment to diversity includes:
- The Women in Leadership Business Resource Council - A global employee network with more than 1,200 members, the council provides development and educational opportunities as well as mentoring, networking and events.
- The Leadership Development Forum – Sponsored by Women in Leadership, the forum includes a series of professional development and personal mentoring groups, designed to address the company's need to grow and develop strategic thinkers and leaders. In the last year, the program grew to reach a total of 850 women globally.
- The Global Diversity & Inclusion Fair – Launched for the first time in 2010, the fair engaged more than 40 percent of employees in a day of learning about the various diversity and inclusion resources available at Northern Trust. The event took place in offices across the globe and involved a large number of senior leaders.
- The Rosetta Stone Global Language Development Program - Launched to enhance global cultural competency, the program provides employees with the ability to learn one of 25 foreign languages. In the last year, 650 employees participated.
"Northern Trust is a true pioneer in creating a company and culture which supports the advancement of multicultural employees," said Carol Evans, president of Working Mother Media and CEO of NAFE and Diversity Best Practices. "Every one of the firm's incoming workers attends diversity training."
Many recent accolades highlight Northern Trust's commitment to diversity, inclusion and corporate excellence. Northern Trust has been named one of the "World's Most Admired Companies" by Fortune Magazine, one the "Top Companies for Executive Women" by the National Association for Female Executives, one of the U.K.'s "Top 50 Employers for Women" by The Times, and one of "100 Best Companies of 2011" by Working Mother Magazine.
The full report is featured in the June/July issue of Working Mother and online at multicultural women. The 2012 Multicultural Women's Conference will be held by Working Mother on July 17 and 18 at the Marriott Marquis in New York City.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of investment management, asset and fund administration, banking solutions and fiduciary services for corporations, institutions and affluent individuals worldwide. Northern Trust, a financial holding company based in Chicago, has offices in 18 U.S. states and 16 international locations in North America, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2012, Northern Trust had assets under custody of US$4.6 billion, and assets under investment management of US$716.5 billion. For more than 120 years, Northern Trust has earned distinction as an industry leader in combining exceptional service and expertise with innovative products and technology. For more information, visit www.northerntrust.com or follow us on Twitter @NorthernTrust.
Contacts:
Northern Trust Corporation
Amy Bickers, (312) 444-3097
Amy_Bickers@ntrs.com
or
Sophia
Venetos, 312-444-3122
Sophia_Venetos@ntrs.com
http://www.northerntrust.com
