Welcome to our dedicated page for Northern Trust news (Ticker: NTRS), a resource for investors and traders seeking the latest updates and insights on Northern Trust stock.
Northern Trust Corporation (NASDAQ: NTRS) is a prominent provider of wealth management, asset servicing, asset management, and banking services to corporations, institutions, affluent families, and individuals. Founded in Chicago in 1889, Northern Trust has expanded its presence globally with offices in 20 U.S. states and Washington, D.C., as well as 23 international locations in Canada, Europe, the Middle East, and the Asia-Pacific region.
As of December 31, 2023, Northern Trust boasts assets under custody or administration of $15.4 trillion and assets under management amounting to $1.4 trillion. This impressive portfolio underscores Northern Trust’s status as a leader in the financial services industry, renowned for its exceptional service, financial expertise, integrity, and continuous innovation over more than 125 years.
Northern Trust is committed to providing comprehensive financial solutions that meet the diverse needs of its clients. Its wealth management services include investment management, trust and estate planning, and private banking. The asset servicing division offers custody, fund administration, and middle office outsourcing for institutional clients. Additionally, Northern Trust’s asset management division delivers a broad range of investment solutions designed to meet the financial objectives of institutional and individual investors.
Recent achievements highlight Northern Trust's ongoing commitment to innovation and inclusivity. For instance, the Northern Trust Ireland team recently hosted the Guidance and Industry Network (GaIN) event, focusing on modern-day recruitment campaigns and inclusive hiring strategies. Moreover, Northern Trust sponsored the Black Professionals & Leaders Dinner at Arizona State University, supporting efforts to bridge the gap between black undergraduate students and professionals.
Northern Trust’s dedication to diversity and community engagement is evident through its partnerships with organizations like Dublin City University and the 30% Club Ireland, aiming to achieve better gender balance for enhanced business outcomes. The firm continues to invest in talent development, offering various career opportunities and fostering a collaborative, team-oriented environment.
For those looking to invest, Northern Trust represents a stable and innovative option within the financial services sector, with a strong track record of adapting to market changes and maintaining long-term client relationships. Stay updated with the latest news and developments from Northern Trust to make informed investment decisions.
Latest News:
- January 23, 2024 - Northern Trust hosted the GaIN event in Ireland, in collaboration with Dublin City University, focusing on career guidance and inclusive hiring strategies.
- February 9, 2024 - Northern Trust sponsored the Black Professionals & Leaders Dinner at Arizona State University, bridging the gap between students and professionals.
Northern Trust announced the election of Susan D. Snyder as President-Elect of the American College of Trust & Estate Counsel (ACTEC). Ray C. Odom has also been elected to ACTEC's Board of Regents. Additionally, Elisa Shevlin Rizzo and Reetu Pepoff have been named ACTEC Fellows, bringing Northern Trust's total to 17 ACTEC Fellows. This recognition showcases the expertise and dedication of Northern Trust’s professionals in the trust and estate field. Snyder, with extensive experience, is a notable member of various committees and has contributed significantly to estate planning discourse through podcasts. As of December 31, 2022, Northern Trust managed $351.4 billion in assets, serving affluent individuals and institutions globally.
Northern Trust has acknowledged its employees' contributions during National Volunteer Week, highlighting their involvement in community service activities such as mentoring, food packing, and serving on nonprofit boards. The recognition aims to demonstrate the company’s commitment to social responsibility and employee engagement. Northern Trust encourages further exploration of their volunteer initiatives in their 2022 Philanthropic Impact Report.
Northern Trust received the 2023 Humanitarian Award from the Illinois Holocaust Museum for its longstanding commitment to philanthropy and community service. CEO Mike O'Grady accepted the award in Chicago, highlighting the company's contributions of nearly $170 million to nonprofits over the last decade and more than 1 million hours of employee volunteer work. O'Grady praised the resilience of Holocaust Survivors and emphasized the importance of humanitarian efforts. The award acknowledges Northern Trust's deep-rooted philanthropic ethos, dating back to its founding in 1889. Community leaders recognized the company's history of support during crises and its continual dedication to civic responsibility.
Northern Trust (NASDAQ: NTRS) has launched a new mobile application for its Front Office Solutions platform, enhancing accessibility for asset owners and institutional investors. The app, available on both Android and iOS, allows clients to access crucial information on the go, featuring an intuitive interface and robust filtering options. John Turney, head of Front Office Solutions, emphasized the app's role in improving decision-making efficiency for allocators managing their research process. The platform addresses the needs of clients by enabling on-demand access to documents and research management capabilities. Future updates to the app will incorporate client feedback to further enhance functionality.
Northern Trust (Nasdaq: NTRS) has been selected by Holland College to provide a suite of asset servicing solutions, including custody, investment risk and analytical services, along with benefit payment services. Holland College, located in Prince Edward Island, Canada, has offered industry-focused training for over 50 years. The decision to partner with Northern Trust was influenced by the latter's commitment to technology and security. Holland College's Director of Human Resources commended Northern Trust's service model and user-friendly platforms. Northern Trust aims to enhance its service offerings continually to Holland College, reinforcing its position as a leading provider in asset management and servicing.
Northern Trust recently hosted an event with Irish Guide Dogs for the Blind in Limerick and Dublin, where volunteers and guide dogs showcased their invaluable work. The event featured a donation aimed at training and caring for guide and assistance dogs, which support children with autism and their families. Additionally, Northern Trust has sponsored a puppy named Vinny, who at nine weeks old, will begin his training journey with a puppy raiser. This community engagement highlights the company's commitment to social responsibility and support for essential services provided by guide dogs.
Northern Trust has appointed Patrick G. Mahoney as Senior Managing Director and President for Minnesota. Mahoney, a wealth management veteran with over 25 years of experience, previously served as Market Managing Director at Cresset Capital and led J.P. Morgan’s Private Bank in Minnesota for a decade. His leadership aims to enhance Northern Trust's wealth management services and client delivery. As of December 31, 2022, Northern Trust managed $351.4 billion in assets, underscoring its strong market position.
Northern Trust (Nasdaq: NTRS) has launched the Market Risk Monitor solution to enhance its risk analytics offerings for institutional investors, including pension funds. This new service integrates a comprehensive library of key risk indicators, such as stress tests and value-at-risk measures, accessible through the RADAR digital dashboard. Developed in partnership with Confluence Technologies, the solution provides insights into clients' asset and liability risk profiles. As of December 31, 2022, Northern Trust managed assets totaling
Northern Trust (Nasdaq: NTRS) has announced a collaboration with Appian (Nasdaq: APPN) to enhance the net asset value (NAV) workflow for private capital fund managers. This partnership aims to create a secure digital experience, improving efficiency and data security across the NAV production lifecycle. The new digital portal will allow fund managers to communicate instructions, review documents, and approve actions, reducing reliance on email for sensitive communications. This initiative is part of Northern Trust's broader digital transformation strategy, Whole Office™. As of December 31, 2022, Northern Trust managed assets under administration of US$13.6 trillion.
Northern Trust's Integrated Trading Solutions business has more than doubled since 2020, gaining 22 new clients in 2022 alone. The firm now serves over 90 clients globally, providing essential outsourced trading services to asset managers seeking efficiency. This growth highlights the increased demand for innovative trading solutions that reduce costs and enhance operational efficiency.
As of December 31, 2022, Northern Trust managed assets of
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