Frederick H. Waddell is Chairman and Chief Executive Officer of Northern Trust, one of the world's leading asset management, asset servicing, fund administration, fiduciary and banking services firms. Serving successful individuals, families and institutions worldwide, the Chicago-based, 122-year-old financial institution had $4.2 trillion in assets under custody and $644.2 billion in assets under management as of September 30, 2011.
Since joining Northern Trust in 1975, Waddell has held leadership positions in Commercial Banking, Strategic Planning and Personal Financial Services. In March 2003, he became head of the Corporate & Institutional Services business unit and, in February 2006, was named President and Chief Operating Officer of Northern Trust. Mr. Waddell was appointed Chief Executive Officer on January 1, 2008, and named Chairman in November 2009.
Waddell is a member of the Board of Directors of the Federal Reserve Bank of Chicago, The Chicago Council on Global Affairs, The Economic Club of Chicago, the Financial Services Roundtable, The Chicago Club, Chicago Urban League and the United Way of Metropolitan Chicago. He is a member of the Commercial Club of Chicago and the Civic Committee of the Chicago Commonwealth Club. He is on the Board of Trustees of the Art Institute of Chicago, Northwestern University, the Chicago Symphony Orchestra and Northwestern Memorial Hospital. He also serves on the Trustees Committee of the Chicago Community Trust. Mr. Waddell serves as Vice Chairman of the Corporate Fund Board of the John F. Kennedy Center and is an Executive Advisor to the Metropolitan Planning Council.
Waddell received a bachelor’s degree in government from Dartmouth College and a master’s degree in business administration from the J.L. Kellogg School of Management of Northwestern University.