Michael G. O'Grady is the current CEO of Northern Trust Corporation, taking charge in January 2018. Before this role, he spent a significant part of his career at Bank of America Merrill Lynch, where he was a Managing Director in...
Michael G. O'Grady is the current CEO of Northern Trust Corporation, taking charge in January 2018. Before this role, he spent a significant part of his career at Bank of America Merrill Lynch, where he was a Managing Director in the Investment Banking sector focusing on financial institutions. Under O'Grady's leadership, Northern Trust has seen a growth in total revenue, hitting $6.1 billion in 2019. His compensation strategy emphasizes performance, with his total compensation jumping to over $10 million in 2022 due to strong company results. Interestingly, O'Grady's wealth from stock holdings fluctuated widely between $13.64 million and $35.12 million between 2019 and 2024, showing his deep connection to the company’s performance. O'Grady has implemented strategies focused on aligning executive pay with long-term shareholder interests, ensuring that performance metrics drive compensation. On top of that, he is known for leading efforts in the Wealth Management sector, which has been recognized as one of the best in the United States. With a background rooted in finance and a forward-thinking leadership style, O'Grady is shaping the future of Northern Trust.