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Correspondent Trust Services


Manage wealth, improve operational efficiency and stay compliant

Looking to reduce costs and centralize administrative control? We can help you consolidate settlement and reconciliation services so you can focus on growing and managing your institution’s assets.

Attract Wealth with Innovative Strategies

Help your clients manage their wealth with our customized investment strategies. They can leverage tools such as goals-driven investing and socially responsible investing to help reach their financial goals.

Lower Financial and Operational Pressures

Gain a competitive edge with our global trading platform. Save time and lower costs with straight-through processing from trade execution to trade settlement. Free your staff from settling holdings and cash with multiple custodians through our daily reconciliation capabilities. Our scalable solution supports multiple asset classes and evolves as you grow. Trade mutual funds, exchange traded funds and collective investment trusts from more than 650 asset management fund families through our third-party fund services. By consolidating mutual fund processing, you will receive streamlined asset reporting and settlement, and reduce the number of vendors you need.

Keep up with Regulatory Requirements

Ever-changing regulatory requirements require continuous monitoring of global markets. Receive timely, accurate data through our advanced suite of reporting, monitoring and transaction tools to make better decisions, faster.

Regular communications highlighting the impact of changes and how to implement various regulations is part of our holistic, coordinated approach.

Asset Servicing and Investment Products and Solutions

Tap into our array of asset servicing and investment management products to help run your bank’s trust department or your independent trust company. Protect your assets while maintaining liquidity and flexibility with our global custodian services. Plus, get access to our FOCUS Investment Research, which supports your investment decision-making process.

Domestic and Global

  • Safekeeping
  • Collateral Management
  • Mutual Fund Clearing & Settlement
  • Portfolio Accounting Interfaces

Investment Management

  • Mutual Funds
  • FOCUS Investment Research
  • Cash Management
  • SMA Platform

Asset Servicing

Capital Markets

Michael Sullivan

Michael Sullivan

Head of Correspondent Trust Services, North America
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Michael Sullivan

Michael Sullivan

Head of Correspondent Trust Services, North America

Mike Sullivan is a Senior Vice President at The Northern Trust Company. He is the Head of Correspondent Trust Services for North America. This team offers comprehensive custody, technology, lending and asset management services to help support wealth management providers such as community banks, registered investment advisors and trust companies.

Prior to his current role, Mike was a Client Executive. Mike served corporate clients by providing trust and custody services. Mike's ultimate responsibility is client satisfaction. As the relationship advisor and advocate, he focused on developing long-term, rewarding partnerships. On an on-going basis, Mike served as the client strategist and facilitator by managing Northern Trust's commitment to the client; addressing client issues to ensure appropriate resources were dedicated to the relationship; and establishing a solid business relationship.

Mike was a Senior Institutional Trust Account Manager in the Large Corporate Group, at Northern Trust. In this role, Mike was responsible for the daily administration and servicing of various large, complex client relationships. His specific responsibilities included: performing the day-to-day account support activities; documenting and complying with client-specific procedures, managing specific client issues and ensuring resolution to the client's satisfaction.

Before joining the Large Corporate Group, Mike worked in our Investment Manager Liaison Group (IMLG) where he supported large institutional investment managers. He started his career at the Northern Trust as a Securities Technician in our Trade Processing Group.

Insights & Research

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Northern Trust Corporation. Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A. Incorporated with limited liability in the U.S. Products and services provided by subsidiaries of Northern Trust Corporation may vary in different markets and are offered in accordance with local regulation. For more information, read our legal and regulatory information about individual market offices.

This material is directed to professional clients only and is not intended for retail clients. For Asia-Pacific markets, it is directed to institutional investors, expert investors and professional investors only and should not be relied upon by retail investors.