Northern Trust Strengthens Foundation & Institutional Advisors Practice in the Southeast

Rhea-AI Summary

Northern Trust announced the appointment of John Coates as Senior Vice President, Senior Portfolio Advisor for its Foundation & Institutional Advisors (FIA) practice in Miami. Coates brings nearly 30 years of investment experience, previously working with PNC Institutional Asset Management and Franklin Templeton Investments. He has a strong background in managing global and international equity, achieving top performance rankings with his managed funds. His appointment aims to enhance Northern Trust's services for foundation, endowment, and institutional nonprofit clients in the Southeast. Coates holds an MBA from Florida Atlantic University and a bachelor's degree from Florida State University, along with CFA and CAIA designations.

Positive

• John Coates' appointment brings nearly 30 years of investment experience to Northern Trust.
• Coates has a proven track record of achieving first quartile performance rankings with his managed funds.
• His expertise in multiple asset classes will benefit Northern Trust's nonprofit clients in the Southeast.
• Northern Trust aims to accelerate the growth of its institutional nonprofit business with this appointment.
• Northern Trust Wealth Management manages $420.6 billion in assets as of March 31, 2024.

Negative

• The press release does not mention any immediate financial gains or new client acquisitions resulting from the appointment.
• There is no specific data on how Coates' appointment will impact the overall financial performance of Northern Trust.

MIAMI--(BUSINESS WIRE)-- Northern Trust announced today that John Coates has joined the Foundation & Institutional Advisors (FIA) practice as Senior Vice President, Senior Portfolio Advisor in Miami, where he will provide investment solutions to the firm’s foundation, endowment and institutional nonprofit clients.

John was most recently a Senior Portfolio Advisor for PNC Institutional Asset Management for nine years where he also managed nonprofit and corporate client relationships. He provided thought leadership, education and insights on their investment and retirement assets. Prior to PNC, he was a Portfolio Manager with Franklin Templeton Investments where he co-managed both global and international equity separately managed accounts. Earlier in his tenure at Franklin Templeton, he was also a Portfolio Manager with the Templeton Global Bond Managers team where he managed short duration global fixed income mutual funds. Under his management, the funds achieved first quartile performance rankings with their respective S&P Micropal peer group universe.

“John brings a strong global investment management background, with a deep understanding of multiple asset classes, gained from nearly 30 years of experience in the investment industry,” said Darius A. Gill, National Practice Executive for FIA.

“We are looking forward to John’s expertise in designing and implementing investment plans for our clients across the Southeast,” said Gill. “His appointment will assist our team as we continue to accelerate the growth of our institutional nonprofit business across the region.”

John graduated with a MBA from Florida Atlantic University and a bachelor’s degree in Finance and Management from Florida State University. He holds the Chartered Financial Analyst (CFA) and Chartered Alternative Investment Analyst (CAIA) designations. He is a member of the CFA Society of Miami and South Florida as well as CAIA Miami. He completed Leadership Broward leadership development program and co-leads the Socially Good Committee.

Northern Trust’s Foundation & Institutional Advisors (FIA) group serves nonprofit organizations through sophisticated investment management solutions, strategic insights and world-class resources. FIA provides investment advice, asset servicing and related services to help nonprofit organizations achieve financial and philanthropic goals, collaborating with board and investment committee members to assist with investment oversight. More information about Northern Trust Foundation and Institutional Advisors can be found at www.northerntrust.com/FIA.

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 $420.6 billion in assets under management as of March 31, 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 March 31, 2024, Northern Trust had assets under custody/administration of US$16.5 trillion, and assets under management of US$1.5 trillion. For more than 130 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 X (formerly Twitter) @NorthernTrust or Northern Trust Corporation 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/20240612659593/en/

Landis Cullen

312-444-3188

LC332@ntrs.com

http://www.northerntrust.com

Source: Northern Trust Corporation

FAQ

Who is the new Senior Vice President at Northern Trust for the FIA practice in Miami?

John Coates has been appointed as the new Senior Vice President, Senior Portfolio Advisor for Northern Trust's FIA practice in Miami.

What experience does John Coates bring to Northern Trust?

John Coates brings nearly 30 years of investment experience, having worked with PNC Institutional Asset Management and Franklin Templeton Investments.

What are John Coates' qualifications?

John Coates holds an MBA from Florida Atlantic University, a bachelor's degree from Florida State University, and CFA and CAIA designations.

What role will John Coates play at Northern Trust?

John Coates will provide investment solutions to foundation, endowment, and institutional nonprofit clients in the Southeast as Senior Portfolio Advisor.

How does Northern Trust intend to benefit from John Coates' appointment?

Northern Trust aims to enhance its services and accelerate the growth of its institutional nonprofit business in the Southeast with John Coates' expertise.