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), managing $1.2 trillion in assets as of June 30, 2024, has announced two strategic hires to strengthen its Wealth Client Group. Michael Gottesman joins as National Sales Manager, Wealth Management, and Wesley Urick as Head of Strategic Accounts, Wealth Management.
Gottesman, with 27 years of industry experience, will lead sales and client service strategy. Urick, bringing over 30 years of expertise, will focus on NTAM's strategic relationship with Northern Trust Wealth Management's Investment Practice. Both are based in Chicago and report to NTAM Wealth Client Group Co-Heads Sunitha Thomas and Suzanne Casey.
These appointments aim to drive growth, strengthen relationships, and deliver innovative investment solutions to Northern Trust Wealth Management clients.
Northern Trust (NTRS) has announced plans to webcast its third quarter 2024 earnings conference call. The event is scheduled for Wednesday, October 23, 2024, at 8:30 a.m. (CT). Investors and interested parties will be able to access the live webcast, earnings press release, and related presentation materials on Northern Trust's website. The company will release its third quarter 2024 earnings press release on the morning of the call. For those unable to attend the live event, a replay of the webcast will be available for approximately four weeks following the call date.
Northern Trust Wealth Management has announced two key leadership changes. Dino De Vita has been appointed as President of Global Family & Private Investment Offices (GFO), while Marc Cosentino has been named West Region President of Northern Trust Wealth Management. These appointments aim to support the company's growth and address clients' complex needs.
De Vita will lead a global team of over 300 professionals, serving more than 500 ultra-high-net-worth individuals and their family offices worldwide. Cosentino will oversee the wealth management business in the West Region, covering six states. Both executives bring extensive experience within Northern Trust to their new roles.
Northern Trust Wealth Management offers comprehensive services for affluent individuals, families, foundations, and businesses, managing $419.4 billion in assets as of June 30, 2024.
Northern Trust's recent technology symposium, 'Tech Horizons: Exploring the Future of Innovation', held in London on September 17, 2024, revealed key insights into the evolving data landscape for institutional investors. The live poll survey of over 100 investment professionals and industry consultants highlighted several important trends:
Digital assets are gaining traction, with 34% of respondents already incorporating or planning to add them to their portfolios. Private assets (66%), real world assets (53%), and money market funds (36%) are expected to benefit most from digital formats.
Cybersecurity remains a top concern, with 88% identifying it as a major issue. AI-driven threats are also a significant worry for 81% of respondents. However, AI is seen as potentially beneficial for portfolio optimization (over one-third), manager due diligence (26%), and risk management (21%).
The survey also revealed that only 62% of respondents have a data strategy in place, indicating a gap between recognizing data's importance and effectively integrating it into business strategies.
Northern Trust Asset Management (NTAM), with $1.2 trillion in assets under management, has appointed Lyenda Simpson Delp as Head of the Global Institutional Client Group, effective December 3. Lyenda will lead the strategic direction and commercial success of NTAM's institutional businesses across the Americas, Europe, Middle East, and Asia-Pacific regions, overseeing more than $900 billion of institutional AUM as of June 30, 2024.
Lyenda brings over 30 years of experience in asset management, including 15 years at BlackRock where she most recently served as head of Financial Institutions Group for the Americas. She will report to NTAM President Daniel Gamba and join the company's leadership team. Lyenda's appointment is expected to enhance NTAM's ability to deliver exceptional client outcomes and help global clients meet their investment objectives.
Northern Trust, in collaboration with The Talent Tap, recently hosted a Future Talent Programme at their London office. This initiative supports Northern Trust's commitment to social mobility and socioeconomic diversity in the workplace. The programme, designed for Year 12 students across the UK, aims to break down geographical and socioeconomic barriers by providing work experience, internships, and employability workshops.
The event included introductory sessions on financial services, team meet-and-greets, an early career panel discussion, mock assessment centres, and team-building presentations. This partnership aligns with Northern Trust's goal of creating accessible and equitable pathways into meaningful careers for young people from diverse backgrounds.
Northern Trust has announced a decrease in its prime rate from 8.50% to 8.00%, effective Thursday, September 19, 2024. This 50 basis point reduction in the prime rate could have significant implications for borrowers and the broader financial market. The prime rate is a key benchmark used by many financial institutions to set interest rates for various lending products, including credit cards, mortgages, and business loans.
Northern Trust India hosted its 2024 Bring Your Child to Work Day, organized by the Working Families Business Resource Council. Over 300 partners participated in this event, which featured various activities including a magic show, hula hoop artist, drawing competition, and food stalls. The day concluded with performances by partners and their children at the Celebrate Life event. Grace Vasanthi, Executive Sponsor of the Working Families India Chapter, praised the event for reflecting the company's culture of care and its positive impact on partners and families.
Northern Trust (Nasdaq: NTRS) has expanded its partnership with 2Xideas AG, a Switzerland-based investment firm managing approximately US$2bn in assets. The expansion includes Northern Trust's Integrated Trading Solutions (ITS), adding to the existing fund accounting, financial reporting, transfer agency, custody, and depositary services provided since 2022.
2Xideas, founded in 2013, focuses on liquid mid-cap stocks and manages four funds and several managed accounts. The firm will now utilize Northern Trust's outsourced trading capability exclusively. This move aims to streamline trading processes and provide access to Northern Trust's liquidity and scale, supporting 2Xideas' growth and client service objectives.
Northern Trust's ITS offers worldwide agency-only trading expertise, coverage from multiple locations, high-quality liquidity access, and integrated middle and back-office services. This solution helps asset managers reduce costs, manage risks, and enhance operational efficiency.
Northern Trust (Nasdaq: NTRS) has officially launched The Northern Trust Carbon Ecosystem™, a blockchain-based platform enabling institutional buyers to digitally access carbon credits from project developers. The platform, powered by Northern Trust Matrix Zenith™, has completed its first live transactions with Water Recovery Systems IP and CUT Carbon Distributed Technologies AG selling carbon credits to institutional buyers.
The ecosystem utilizes private ledger digital blockchain technology to facilitate direct purchases and retirements of digital carbon credits, with Northern Trust acting as the designated custodian. This launch supports the growing interest in the Voluntary Carbon Market by providing a digital lifecycle management capability for voluntary carbon credits, offering a seamless and secure settlement experience.
FAQ
What is the current stock price of Northern Trust (NTRS)?
What is the market cap of Northern Trust (NTRS)?
What does Northern Trust Corporation do?
When was Northern Trust founded?
How extensive is Northern Trust’s global presence?
What are the current assets under custody and management for Northern Trust?
What recent events has Northern Trust been involved in?
What makes Northern Trust a leader in the financial services industry?
What kind of clients does Northern Trust serve?
How does Northern Trust support diversity and community engagement?
What services does Northern Trust’s wealth management division offer?
What is Northern Trust’s commitment to career development?
