Northern Trust Corporation (Northern Trust) is a financial holding company, which provides asset servicing, fund administration, investment management, banking and fiduciary solutions for corporations, institutions and affluent individuals worldwide. The Company conducts business through various United States and non United States subsidiaries, including The Northern Trust Company (Bank). The Bank conducts its business through its United States operations and its various United States and non United States branches and subsidiaries. Northern Trust has organized its services globally around its two client-focused principal business units: Corporate and Institutional Services (C&IS), and Personal Financial Services (PFS). Two other business units provide services to the two principal business units: Northern Trust Global Investments (NTGI), which provides investment management, and Operations and Technology (O&T), which provides operating and systems support.