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 has established a new Digital Assets and Financial Markets group, unifying digital and traditional market functions. This initiative, led by Justin Chapman, aims to cater to the growing client interest in both digital and traditional asset classes. With a focus on adapting to changes in the securities industry, the group will provide access to expertise and insights across all markets. Northern Trust, a leading innovator in the digital transformation of securities servicing, manages US$15.5 trillion in assets under custody as of March 2022.
Northern Trust's FlexShares recently published a study focused on how financial advisors can enhance wallet share among existing high-net-worth clients. The research revealed that client decisions to increase managed assets are driven more by emotions than by available advisor resources. Key findings include the identification of five unique client personas: The Verifier, The Simplifier, The Collector, The Protector, and The Competitor, each representing distinct behaviors and preferences. This insight aims to help advisors tailor their approaches to better meet client needs and build trust.
Northern Trust (Nasdaq: NTRS) has been appointed by the International Biotechnology Trust and SV Health Managers to provide a suite of services, including global custody, fund accounting, depositary services, and outsourced trading solutions. The International Biotechnology Trust, founded in 1994 and listed on the London Stock Exchange, has a market capitalization exceeding £255 million, focusing on long-term capital growth in biotechnology and life sciences sectors. Northern Trust aims to simplify its clients' operational complexities through its Whole Office™ approach.
Northern Trust has opened a new office in Jacksonville, Florida, marking its 20th office in the state. With over 50 years of presence, the firm now manages $53 billion in assets and employs more than 600 personnel in Florida. The new office will cater to families, family offices, and foundations, enhancing their investment and planning services in Northeast Florida. Northern Trust aims to leverage the region's growing demand for financial services amidst ongoing population growth.
Northern Trust has upgraded its Investment Analysis module on the Front Office Solutions platform to enhance decision-making for institutional investors. This tool now offers improved data capacity, speed, and customization options for analyzing liquid and alternative investments. Key features include interactive charts, correlation analyses, and drawdown charts, aimed at simplifying investment evaluations. With $15.5 trillion in assets under custody and $1.5 trillion in assets under management, Northern Trust continues to support complex asset owners globally.
Northern Trust announced key leadership changes to enhance strategic execution. Dave Blowers and Lyle Logan have been appointed Vice Chairmen, focusing on strategic initiatives and client development. Glenda Pedroso is promoted to East Region President, succeeding Henry P. Johnson, now the Chief Operating Officer for Wealth Management. Bruce Letten will lead the National Banking Practice, replacing Pedroso. Effective August 1, 2022, these transitions aim to strengthen client service and support continued digital transformation, with Northern Trust managing $396.2 billion in assets as of March 31, 2022.
Northern Trust has partnered with Wilmington Trust to provide custody and fund administration services for Collective Investment Trust funds totaling approximately $90 billion in balances as of April 28, 2022. This collaboration leverages Northern Trust's expertise and technology, enhancing Wilmington Trust's offerings in the CIT market. Wilmington Trust has established relationships with top-tier custodians, aiming to improve efficiency and client service. Northern Trust boasts $15.5 trillion in assets under custody/administration, underscoring its prominence in the investment management sector.
Northern Trust Corporation announced that Chief Financial Officer Jason Tyler will participate in the Morgan Stanley US Financials, Payments & CRE Conference on Tuesday, June 14, 2022, at 12:00 p.m. (CT). A live webcast will be available on Northern Trust's website in the investor relations section, with a replay accessible for four weeks post-event.
As of March 31, 2022, Northern Trust controls US$15.5 trillion in assets under custody/administration and US$1.5 trillion in assets under management.
Northern Trust has appointed Alison Mast as the new Senior Managing Director and President for the Western Michigan region. Mast, who joined Northern Trust in 2019 as the Head of Strategy for Wealth Management, will lead the Grand Rapids team, focusing on enhancing client services and growing wealth management business in the area. Alison brings extensive experience from her previous roles at Accenture and McKinsey, along with an MBA from Harvard. Northern Trust Wealth Management, holding $396.2 billion in assets under management, aims to leverage her expertise for strategic growth.
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