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 appointed Willem Erwich as Managing Director of the Upper Florida Keys Market to lead a team focused on high net worth families, endowments, and foundations. Erwich brings over 25 years of wealth management experience and previously served as a Senior Trust Advisor at Northern Trust since 2012. He will report to Marianne Devine, Senior Managing Director in South Florida. This strategic leadership aims to enhance the firm's service delivery in a fast-growing region where Northern Trust has operated for 50 years, managing $396.2 billion in assets as of March 31, 2022.
Northern Trust has appointed Ann Marie Wilczynski as Senior Managing Director and President of Minnesota. She will lead the team in providing comprehensive client services. Wilczynski previously worked as a Senior Family Advisor for Waycrosse and has experience within Northern Trust Wealth Management. She holds a bachelor’s degree in business and a J.D. and is recognized for her expertise in trust, estate work, and wealth management. This leadership change aims to enhance growth and service excellence in Minnesota, where Northern Trust manages $396.2 billion in assets as of March 31, 2022.
Northern Trust announced the appointment of Jennifer Grosvenor as Managing Director in the Houston office. Grosvenor will lead the team to enhance client service and boost growth in the Northern Trust Wealth Management platform. With over 20 years of experience, she previously managed the fiduciary practice in Houston. In her new role, she will collaborate with Houston President John Hantak on client development and compliance. Northern Trust is recognized as a top U.S. wealth manager, managing
50 South Capital Advisors announces an investment in gener8tor, a venture capital firm, to launch a flagship equity-based startup accelerator in Fargo and two free pre-accelerator programs in Grand Forks and Fargo. These initiatives will run annually for five years and aim to strengthen the entrepreneurial ecosystem in North Dakota. Gener8tor, recognized for supporting early-stage companies, is the fourth investment from the North Dakota Growth Fund, managed by 50 South Capital, a subsidiary of Northern Trust. This partnership seeks to enhance access and opportunities for local entrepreneurs.
Northern Trust Corporation (NTRS) will host a live webcast of its Q2 2022 earnings conference call on July 20, 2022, at 9:00 a.m. (CT). The earnings press release and related materials will be available on Northern Trust’s website. As of March 31, 2022, Northern Trust managed US$1.5 trillion in assets, showcasing its substantial presence in wealth and asset management.
Northern Trust Corporation (NTRS) announced an increase in its quarterly common stock dividend from $0.70 to $0.75 per share, effective Q3 2022. This decision follows the results from the Federal Reserve's 2022 Comprehensive Capital Analysis and Review (CCAR), where Northern Trust's stress capital buffer remains steady at 2.5%. The company’s minimum common equity tier 1 (CET1) ratio is set at 7%. The dividend hike underscores the strength of Northern Trust's capital position and reflects its commitment to shareholder returns.
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.
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