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 Asset Management (NTAM) has released its 2022 edition of “The Risk Report,” analyzing 280 institutional equity portfolios totaling over US$250 billion. The report highlights six common drivers of unintended investment results, including an excess of uncompensated risks compared to compensated risks. Active risk is necessary for excess returns, but the report shows institutions faced a challenging market with overlapping strategies diluting expected performance. Key findings underscore the need for better risk management in asset allocation.
Northern Trust has appointed Monica Safapour as the new Market President for the Santa Barbara office, tasked with enhancing client service and growing the Wealth Management platform. Previously, Safapour led estate settlement services in the West Region and has extensive experience, including a role at Wells Fargo Private Bank. Her leadership is expected to bring fresh perspectives and drive business growth. The company manages $336.2 billion in assets as of September 30, 2022, indicating a robust foothold in the wealth management sector.
Northern Trust Asset Management (NTAM) has expanded its Minority Broker Program from 11 to 16 minority-owned broker-dealers, enhancing its commitment to diversity and inclusion. This program, initiated in 2007, selects firms based on execution capabilities and performance. As of June 30, 2022, NTAM has invested approximately $5.7 billion with 21 minority-owned investment managers. The firm received a 100% score in the Disability Equality Index and is recognized for its diversity efforts. NTAM aims to ensure high service levels through rigorous selection processes among brokers.
Equity Data Science, Inc. has partnered with FinX Capital Markets to integrate global multi-asset reference data into its investment process management (IPM) solutions. This collaboration enhances EDS's offering by providing clients with industry-standard analytics for fixed income, derivatives, and crypto. New features include valuation, cash flow, risk measurement, and stress testing, allowing clients to seamlessly manage their portfolios on a single platform. Notably, Northern Trust invested in EDS in 2021, strengthening its commitment to providing data-driven insights for optimal investment decisions.
Northern Trust (NASDAQ: NTRS) has partnered with Saphyre to automate the account opening process for its investment manager clients, enhancing its Investment Operations Outsourcing (IOO) services. This cloud-based application utilizes Saphyre's AI technology to streamline operations, allowing for increased efficiency and transparency in account management tasks. The rollout will extend to all Investment Operations clients over the coming year, promoting reduced errors and improved communication among market participants. Northern Trust currently holds over $12.8 trillion in assets under custody.
Northern Trust Corporation (NASDAQ: NTRS) has announced that Chairman and CEO Michael O’Grady, along with CFO Jason Tyler, will participate in the Goldman Sachs 2022 US Financial Services Conference in New York City on December 6, 2022, at 4:20 p.m. ET. Investors can access a live webcast on their website in the investor relations section, with a replay available for four weeks post-event. As of September 30, 2022, Northern Trust managed $1.2 trillion in assets and had $12.8 trillion in assets under custody, underscoring its status as a leader in the wealth management and asset servicing sectors.
Northern Trust (Nasdaq: NTRS) has appointed Alvin Chia as the new head of Digital Assets Innovation for the Asia Pacific region. Based in Singapore, Chia will lead initiatives aligned with Northern Trust’s digital asset strategy, collaborating with industry stakeholders to drive innovation. Previously an expert at Bain and Company and a vice president at DBS Bank, Chia is well-equipped for this role. This appointment comes as the APAC market undergoes significant technological transformation.
Northern Trust announced the appointment of Michael Janko as a Senior Investment Advisor in its Foundation & Institutional Advisors practice located in Boston. With over 30 years of investment experience, Janko previously worked at BNY Mellon’s OCIO team and led the Wealth Management Endowment & Foundation practice. His role at Northern Trust will focus on developing tailored investment strategies for nonprofit clients. The firm, as of September 30, 2022, manages $336.2 billion in assets and aims to enhance its nonprofit business across the Northeast.
The Northern Trust report reveals that global markets ended Q3 2022 negatively, with institutional asset owners seeing a median return of -4.2%. The U.S. equity program universe returned -4.4%, while the S&P 500 index was down -4.9%. The Corporate (ERISA) universe's median return was -6.4%, and public funds reported -3.8%. Amidst growing recession fears and inflation pressures, interest rate hikes by the Federal Reserve have notably impacted returns.
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