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Northern Trust Names Robert Moritz, Richard Petrino to Board of Directors

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Northern Trust (NTRS) has announced two significant appointments to its board of directors. Robert (Bob) Moritz, former global chairman of PricewaterhouseCoopers (PwC), will join effective March 1, 2025, while Richard (Rick) Petrino, a former American Express Company executive, joins immediately.

Moritz brings extensive experience from his tenure at PwC, where he served as global chairman, U.S. chairman and senior partner, and held various leadership roles in financial services and international operations. He currently serves on Walmart's board and is involved with the World Economic Forum's International Business Council.

Petrino's appointment leverages his nearly three-decade career at American Express, where he most recently served as COO of American Express National Bank. His experience includes roles as executive vice president, corporate controller, chief accounting officer, and head of global capital markets.

Northern Trust (NTRS) ha annunciato due importanti nomine nel suo consiglio di amministrazione. Robert (Bob) Moritz, ex presidente globale di PricewaterhouseCoopers (PwC), entrerà in carica dal 1 marzo 2025, mentre Richard (Rick) Petrino, ex dirigente di American Express Company, si unisce immediatamente.

Moritz porta con sé una vasta esperienza acquisita durante il suo mandato in PwC, dove ha ricoperto il ruolo di presidente globale, presidente degli Stati Uniti e partner senior, occupando varie posizioni di leadership nel settore dei servizi finanziari e nelle operazioni internazionali. Attualmente è nel consiglio di Walmart ed è coinvolto nel Consiglio Internazionale degli Affari del World Economic Forum.

La nomina di Petrino sfrutta la sua carriera di quasi tre decenni in American Express, dove ha ricoperto più recentemente il ruolo di COO di American Express National Bank. La sua esperienza include ruoli come vicepresidente esecutivo, controllore aziendale, direttore contabile e responsabile dei mercati di capitale globali.

Northern Trust (NTRS) ha anunciado dos nombramientos importantes en su junta directiva. Robert (Bob) Moritz, ex presidente global de PricewaterhouseCoopers (PwC), se unirá a partir del 1 de marzo de 2025, mientras que Richard (Rick) Petrino, ex ejecutivo de American Express Company, se une de inmediato.

Moritz aporta una amplia experiencia de su mandato en PwC, donde se desempeñó como presidente global, presidente de EE. UU. y socio principal, y ocupó varios roles de liderazgo en servicios financieros y operaciones internacionales. Actualmente forma parte de la junta de Walmart y está involucrado con el Consejo de Negocios Internacionales del Foro Económico Mundial.

El nombramiento de Petrino aprovecha su carrera de casi tres décadas en American Express, donde más recientemente se desempeñó como COO de American Express National Bank. Su experiencia incluye roles como vicepresidente ejecutivo, controlador corporativo, director de contabilidad y jefe de mercados de capital globales.

노던 트러스트 (NTRS)는 이사회에 두 건의 중대한 임명을 발표했습니다. 로버트(밥) 모리츠, 전 세계 PricewaterhouseCoopers(PwC) 의장이 2025년 3월 1일부로 합류하며, 리차드(릭) 페트리노, 전 아메리칸 익스프레스 컴퍼니 임원이 즉시 합류합니다.

모리츠는 PwC에서 세계 의장, 미국 의장 및 수석 파트너로 재직하며 금융 서비스 및 국제 운영에서 다양한 리더십 역할을 했던 폭넓은 경험을 가지고 있습니다. 그는 현재 월마트 이사회에 있으며 세계 경제 포럼의 국제 비즈니스 위원회에도 참여하고 있습니다.

페트리노의 임명은 그가 아메리칸 익스프레스에서 거의 30년에 걸쳐 쌓은 경력을 활용하며, 가장 최근에는 아메리칸 익스프레스 내셔널 뱅크의 COO로 재직했습니다. 그의 경력에는 부사장, 기업 회계 담당, 수석 회계 담당 및 글로벌 자본 시장 책임자 역할이 포함됩니다.

Northern Trust (NTRS) a annoncé deux nominations importantes au sein de son conseil d'administration. Robert (Bob) Moritz, ancien président mondial de PricewaterhouseCoopers (PwC), rejoindra à partir du 1er mars 2025, tandis que Richard (Rick) Petrino, ancien cadre d'American Express Company, intègre immédiatement le conseil.

Moritz apporte une vaste expérience de son mandat chez PwC, où il a occupé les fonctions de président mondial, président des États-Unis et partenaire senior, tout en occupant divers rôles de leadership dans les services financiers et les opérations internationales. Il fait actuellement partie du conseil d'administration de Walmart et est impliqué dans le Conseil international des affaires du Forum économique mondial.

La nomination de Petrino tire parti de sa carrière de près de trois décennies chez American Express, où il a dernièrement exercé la fonction de COO d'American Express National Bank. Son expérience comprend des rôles de vice-président exécutif, contrôleur d'entreprise, directeur comptable et responsable des marchés de capitaux mondiaux.

Northern Trust (NTRS) hat zwei bedeutende Ernennungen in seinem Vorstand bekannt gegeben. Robert (Bob) Moritz, ehemaliger globaler Vorsitzender von PricewaterhouseCoopers (PwC), wird ab dem 1. März 2025 beitreten, während Richard (Rick) Petrino, ein ehemaliger Führungskraft von American Express Company, sofort eintritt.

Moritz bringt umfangreiche Erfahrungen aus seiner Zeit bei PwC mit, wo er als globaler Vorsitzender, US-Vorsitzender und Senior Partner fungierte und verschiedene Führungspositionen im Finanzdienstleistungssektor und internationalen Betrieb innehatte. Derzeit ist er im Vorstand von Walmart und engagiert sich im International Business Council des Weltwirtschaftsforums.

Die Ernennung von Petrino nutzt seine fast drei Jahrzehnte lange Karriere bei American Express, wo er zuletzt als COO von American Express National Bank tätig war. Zu seinen Erfahrungen zählen Positionen als Executive Vice President, Unternehmenscontroller, Chief Accounting Officer und Leiter der globalen Kapitalmärkte.

Positive
  • Addition of two high-profile executives with extensive financial industry experience
  • Strengthening of board expertise in global financial services and strategic operations
  • Enhanced governance through directors with multinational leadership experience
Negative
  • None.

CHICAGO--(BUSINESS WIRE)-- Northern Trust (Nasdaq: NTRS) announced today the appointments of Robert (Bob) Moritz and Richard (Rick) Petrino to its board of directors. Moritz, the former global chairman of PricewaterhouseCoopers (PwC), will join the Northern Trust Board of Directors effective March 1, 2025. Petrino, a former American Express Company executive, joins effective immediately.

“I am pleased to welcome Bob and Rick to the Northern Trust Board of Directors,” Chairman and Chief Executive Officer Michael O’Grady said. “They each bring strategic, global perspectives and deep financial expertise that will be highly relevant to Northern Trust as it continues to serve our clients as a trusted financial partner. I am confident their leadership will contribute to Northern Trust’s continued success.”

As PwC global chairman, Moritz led the international network’s leadership teams, set strategy, and enhanced the PwC brand through service to its stakeholders and clients. Prior to becoming global chairman in 2016, he served in a variety of leadership roles including U.S chairman and senior partner; U.S. Assurance leader and managing partner for the New York region; and leader of the U.S. Financial Services Audit and Business Advisory practice, which included the banking, capital markets, insurance, investment management, and real estate sectors. Moritz also spent three years with PwC Japan, providing audit and advisory services to European and U.S.-based financial services organizations in Asia.

Moritz is a member of the Walmart (NYSE: WMT) board of directors. He is a member of the International Business Council of the World Economic Forum and a director of the Oswego University Foundation, as well as a member of the board of Generation Unlimited.

Petrino held several leadership roles during his nearly three decades at American Express Company, most recently serving as chief operating officer of American Express National Bank, where he was a member of the American Express Executive Committee, responsible for steering the company’s strategic direction and key policies. Prior to that, Petrino’s roles included: executive vice president, corporate controller, and chief accounting officer; senior vice president, chief operational risk officer, and global head of oversight; and senior vice president and head of global capital markets, treasury.

In addition to his executive roles, Petrino was previously a member of the Global Business Travel Group [NYSE: GBTG] board of directors and the American Express National Bank board of directors.

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.

Investor Contact:

Jennifer Childe

312-444-3290

Jennifer.Childe@ntrs.com

Media Contact:

Doug Holt

312-662-8315

Doug.Holt@ntrs.com

Source: Northern Trust Corporation

FAQ

When will Robert Moritz join Northern Trust (NTRS) board of directors?

Robert Moritz will join Northern Trust's board of directors effective March 1, 2025.

What was Richard Petrino's most recent position before joining NTRS board?

Richard Petrino's most recent position was Chief Operating Officer of American Express National Bank.

What key experience does Bob Moritz bring to Northern Trust's board?

Bob Moritz brings experience as PwC's global chairman, with expertise in financial services, audit, and advisory services, including international operations in Asia.

How many new directors has Northern Trust (NTRS) appointed in this announcement?

Northern Trust has appointed two new directors: Robert Moritz and Richard Petrino.

What other board positions does Robert Moritz currently hold besides NTRS?

Robert Moritz currently serves on Walmart's (WMT) board of directors and is a director of the Oswego University Foundation.

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