Northwestern Mutual’s application for a limited-purpose federal thrift charter was approved last month by the Office of Thrift Supervision. The charter will enable the company to form Northwestern Mutual Trust Company, which is expected to be operational in January 2001. Northwestern Mutual Trust will offer a full range of personal trust products and services, as well as investment management services, according to James D. Ericson, Northwestern Mutual’s chairman and CEO.
Was this article valuable?
Here are more articles you may enjoy.
Appetite for Insurance M&A Remains as AI Enters the Chat, Says PwC 
Wanted: War-Zone Divers to Scrape Barnacles From Ships in Persian Gulf 
AM Best Upgrades Credit Ratings of Missouri’s Columbia 
Zurich Sees Data Center Boom Spurring Insurance Securitization From This Issue
