William “Bill” Osborn ’69, ’73 MBA, ’18 H
Accelerating Global Financial Growth
Bill Osborn understands firsthand the power of Northwestern.
After attending a military school for young men and moving to Evanston from rural Culver, Ind., where he grew up playing basketball and working on a farm, Osborn discovered new perspectives and social dynamics. His worldview expanded as he studied history and comparative politics as a political science major. His writing skills improved. And amid the uncertainties of the Vietnam War and the military draft, he developed life-enriching connections with his classmates.
“Making friends and growing as a person was very important to me,” recalls Osborn, the son of former Northwestern basketball player Robert Osborn ’41 and Dorothy Anderson Osborn ’41. “Sometimes I wish I could be a student all over again.”
With gratitude and a willingness to serve, Osborn has worked to ensure his alma mater’s vitality for nearly 30 years as a member and chair of the University’s Board of Trustees and a devoted supporter of Northwestern’s evolution.
“There’s always room for improvement … and the way the world works in competitive terms, if you don’t get better, others will, and you’ll suffer,” he says.
Osborn knows that from his own life. After serving on active duty in the U.S. Army Ranger National Guard, Osborn joined Chicago-based Northern Trust in 1970. Bolstered by an MBA from the Kellogg School of Management, he ascended to leadership positions in the bank’s personal financial services and commercial banking business units. In 1993 he was named president and chief operating officer. Two years later he became chairman and CEO, steering advancements in asset servicing and asset management and pushing Northern Trust to become a global financial powerhouse.
In 1996 Osborn brought his business acumen and leadership skills to Northwestern’s Board of Trustees. “I was ready to give back,” he says.
Osborn played a pivotal role in numerous transformative changes at the University, including the recruitment of Morton Schapiro ’23 H as Northwestern’s 16th president and chairing the Board during We Will. The Campaign for Northwestern. The fundraising initiative raised over $6 billion, with a far-reaching impact, including significantly increasing financial aid for undergraduate students, attracting and retaining top faculty through the creation of endowed professorships, advancing and expanding the research enterprise, and supporting the construction of new facilities.
Gifts from Osborn and his wife, Cathy McCurdy Osborn ’72, have propelled advancements at Kellogg, the Feinberg School of Medicine, the Bienen School of Music, Northwestern Athletics and many more schools and programs.
After Osborn stepped down as Northwestern Board chair in 2017, trustees established the Bill and Cathy Osborn Professorships to honor the couple’s commitment to the University. The endowed positions focus on areas the Osborns want to emphasize: artificial intelligence and diversity and inclusion.
Now a life trustee, Osborn continues to trumpet Northwestern’s mission and merits, calling it a special place that champions interdisciplinary work, ambitious thinking, creative problem-solving and personal growth.
“Northwestern changes people’s lives,” he says. “I am involved on the Board and with different parts of Northwestern because I want to help make the University better.”
Daniel P. Smith is a Chicago-based freelance writer.
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