Northern Trust Chief Financial Officer Dave Fox plans to retire at the end of the first quarter of 2027 after a financial services career spanning several decades.
Fox will remain CFO through the end of the first quarter to support an orderly leadership transition.
Northern Trust plans to conduct a comprehensive internal and external search for his successor.
During the search, Fox will continue overseeing the company’s Finance organization and working with Chairman and CEO Michael O’Grady and the broader leadership team on financial, regulatory, investor and strategic priorities.
Fox joined Northern Trust in 2012.
As CFO, he has been responsible for the company’s global financial strategy, functions and operations.
Earlier in his Northern Trust career, Fox served as President of Global Family and Private Investment Offices and as Executive Vice President and Head of the Americas for Corporate & Institutional Services.
Before joining Northern Trust, he spent more than 25 years at JPMorgan in New York, London and Chicago in a variety of leadership positions.
Fox holds a Bachelor of Science in Foreign Service from Georgetown University and an MBA in Finance from Columbia University’s Graduate School of Business.
Northern Trust had $20 trillion of assets under custody and administration and $2 trillion of assets under management as of June 30, 2026.
KEY QUOTE:
“Dave has been a trusted and valued leader whose judgment, discipline and financial stewardship have strengthened Northern Trust. He has played an important role in helping advance our strategy, support our clients and position the company for long-term success. We are grateful for Dave’s continued leadership of Finance through this transition as we conduct a search for his successor.”
Michael O’Grady, Chairman and Chief Executive Officer of Northern Trust
