Northern Trust Strengthens Chicago Commercial Banking Team

Rhea-AI Summary

Northern Trust has appointed Adam Kerbis as a Senior Vice President and Banking Relationship Advisor in its Commercial Banking team based in Chicago. Kerbis, with over 10 years of commercial banking experience, will focus on expanding the family-owned beverage client base by customizing financial solutions. He previously served as a vice president at Wells Fargo Bank. Northern Trust is recognized as a top wealth manager, with $371.1 billion in assets under management as of June 30, 2021.

Positive

• Adam Kerbis brings over 10 years of experience in commercial banking, enhancing Northern Trust's expertise.
• Focus on growing family-owned beverage client base aligns with targeted industry strategy.

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• None.

Adam Kerbis Joins as Banking Relationship Advisor

CHICAGO--(BUSINESS WIRE)-- Northern Trust announced today that Adam Kerbis has joined the firm as a Senior Vice President and Banking Relationship Advisor on the Commercial Banking team based in Chicago. He will be responsible for growing the family-owned beverage client base by customizing loan, deposit and treasury solutions that help clients to achieve their strategic goals. He will report to Paul Theiss, Senior Managing Director of the Wealth Management Commercial Banking Group.

Kerbis brings over 10 years of experience as a commercial banker with an emphasis working with family-owned companies in the beverage industry. Prior to joining Northern Trust, he was a vice president at Wells Fargo Bank, where he started his career. Kerbis earned his bachelor’s degree in economics and business institutions from Northwestern University and is involved with the Juvenile Diabetes Research Foundation.

“We are pleased to welcome Adam to Northern Trust. He is an industry veteran who will leverage his extensive connectivity in the family-owned beverage category to help grow our commercial banking business,” Wealth Management Central Region President John Fumagalli said. “Adam’s knowledge of the beverage category combined with Northern Trust’s industry-leading wealth management solutions will provide significant value to family-owned beverage companies.”

Northern Trust Wealth Management offers holistic wealth management services for affluent individuals and families, family offices, foundations and endowments, and privately held businesses. It is recognized for its innovative technology, service excellence and depth of expertise and ranks among the top 10 U.S. wealth managers, with $371.1 billion in assets under management as of June 30, 2021. The Northern Trust Company is an Equal Housing Lender. Member FDIC.

About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 22 U.S. states and Washington, D.C., and across 23 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of June 30, 2021, Northern Trust had assets under custody/administration of US$15.7 trillion, and assets under management of US$1.5 trillion. For more than 130 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Please visit our website or follow us on Twitter.

Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Please read our global and regulatory information.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210902005584/en/

Media Contact:

Doug Holt

(312) 557-1571

Doug.Holt@ntrs.com

http://www.northerntrust.com

Source: Northern Trust

FAQ

Who is the new banking relationship advisor at Northern Trust?

Adam Kerbis has joined as a Senior Vice President and Banking Relationship Advisor.

What experience does Adam Kerbis have?

Adam Kerbis has over 10 years of experience in commercial banking, primarily with family-owned companies.

What are the responsibilities of Adam Kerbis at Northern Trust?

He will be responsible for growing the family-owned beverage client base through customized financial solutions.

Where is Northern Trust headquartered?

Northern Trust is headquartered in Chicago.

What assets does Northern Trust manage as of June 30, 2021?

Northern Trust has $371.1 billion in assets under management as of June 30, 2021.