Northern Trust Names New Head of Agricultural Properties

Rhea-AI Summary

Northern Trust has appointed John Onderdonk as National Practice Leader of Agricultural Properties. In this role, he will oversee management and consulting for agricultural properties including farmland, ranches, and timberland for the company's clients. Onderdonk brings two decades of land management experience and is a fourth-generation California rancher. He previously served as chief sustainability officer at the California Institute of Technology and held positions at AIG Environmental. Northern Trust Wealth Management, which manages over $440 billion in assets as of September 30, 2024, provides wealth management services for affluent individuals, family offices, foundations, and privately held businesses.

Positive

• Appointment of experienced leader with 20 years of land management expertise
• Strengthening of specialized trust and estate services team
• Substantial AUM of $440 billion as of September 30, 2024

Negative

• None.

PASADENA, Calif.--(BUSINESS WIRE)-- Northern Trust announced today that John Onderdonk has been appointed National Practice Leader of Agricultural Properties. In this role, Onderdonk will oversee a multi-disciplinary group that manages and consults on agricultural properties such as farmland, ranches and timberland for Northern Trust’s clients.

John Onderdonk (Photo: Business Wire)

Onderdonk is the latest addition to Northern Trust’s specialized team of trust and estate experts who serve as trustee or executor of unique assets such as real estate, private business interests and oil, gas and renewable energy investments. Onderdonk has two decades of land management experience, including projects involving integrated planning, sustainable building and grid modernization. He is also a fourth-generation California rancher.

“John brings the specialized expertise that owners of agricultural properties need to transition ownership and responsibility of these assets to future generations as part of their overall estate plan,” said Eric Czepyha, Director of Business Services at Northern Trust. “His leadership will be invaluable to clients who wish to preserve the value and legacy of these assets for their families.”

Previously, Onderdonk was the chief sustainability officer and oversaw facilities operations and services at the California Institute of Technology. Earlier in his career, Onderdonk was a southwest regional manager for AIG Environmental, where he developed liability transfer programs for brownfield redevelopment clients. He has also worked as an environmental consultant, helping corporate clients integrate sustainability into their business practices and address environmental regulations.

Onderdonk has a master’s degree from the University of California and a bachelor’s degree from the University of Oregon. He is a LEED Accredited Professional and serves as the president of the One Arroyo Foundation as well as a member of the Shandon-San Juan Water District and the California Cattleman’s Association.

Northern Trust Wealth Management offers holistic wealth management services for affluent individuals and families, family offices, foundations and endowments, and privately held businesses. It is recognized for its innovative technology, service excellence and depth of expertise, with over $440 billion in assets under management as of September 30, 2024. The Northern Trust Company is an Equal Housing Lender. Member FDIC.

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 24 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of September 30, 2024, Northern Trust had assets under custody/administration of US$17.4 trillion, and assets under management of US$1.6 trillion. For more than 135 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit us on northerntrust.com. Follow us on Instagram @northerntrustcompany or Northern Trust on LinkedIn.

Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/terms-and-conditions.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241216683289/en/

Media Contact:

Landis Cullen

312-444-3188

landis.cullen@ntrs.com

http://www.northerntrust.com

Source: Northern Trust Corporation

FAQ

What is John Onderdonk's new role at Northern Trust (NTRS)?

John Onderdonk has been appointed as National Practice Leader of Agricultural Properties at Northern Trust, where he will oversee management and consulting for agricultural properties including farmland, ranches, and timberland.

What is Northern Trust's (NTRS) assets under management as of September 2024?

Northern Trust Wealth Management has over $440 billion in assets under management as of September 30, 2024.

What was John Onderdonk's previous position before joining Northern Trust (NTRS)?

Prior to joining Northern Trust, John Onderdonk served as the chief sustainability officer and oversaw facilities operations and services at the California Institute of Technology.

What types of agricultural properties does Northern Trust (NTRS) manage?

Northern Trust manages and consults on agricultural properties including farmland, ranches, and timberland for their clients.