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 Jennifer Childe as the new Director of Investor Relations, succeeding Mark Bette, who transitions to Chief Financial Officer for Shared Services. Childe comes from CNO Financial Group with significant experience, including 12 years as a sell-side analyst. Her role involves enhancing investor relations and stakeholder engagement. Jason Tyler, CFO, anticipates her impact on the company's long-term growth strategy. Northern Trust, founded in 1889, manages $15.5 trillion in assets under custody and $1.5 trillion in assets under management.
Northern Trust has appointed Stacey Hallberg as Senior Managing Director for its Boca Raton and Delray Beach offices, effective May 2. She previously served as Managing Director in Delray Beach and will now oversee both locations to enhance client services in South Palm Beach County. Mike Bracci, President of East Florida Region, praised Hallberg's leadership skills and success in managing diverse teams. Northern Trust is recognized as a top U.S. wealth manager, managing $396.2 billion in assets as of March 31, 2022.
Northern Trust is enhancing investor onboarding for private capital funds through a collaboration with Fenergo. This partnership aims to streamline compliance processes including KYC and AML through a digital portal, reducing manual tasks. The initiative responds to industry pressures for greater efficiency and oversight. As of March 31, 2022, Northern Trust managed $1.5 trillion in assets, emphasizing its leadership in wealth management and asset servicing. This digital transformation is part of the broader Whole Office™ strategy.
Northern Trust Corporation (Nasdaq: NTRS) has successfully closed a public offering of $1 billion in senior debt, initiated on May 5, 2022. This move reflects the company’s dedication to diversity, equity, and inclusion in the financial services sector, as evidenced by the involvement of two minority-owned firms, Loop Capital Markets and Siebert Williams Shank, as joint lead bookrunners. Northern Trust emphasizes the significance of partnerships that support broader market changes while maintaining a commitment to community engagement.
Northern Trust and Enfusion have established a partnership to enhance operational efficiency for mutual clients by integrating their services. This collaboration aims to streamline portfolio management, order execution, and analytics, providing an end-to-end solution for asset managers and hedge funds. Enfusion’s cloud-native platform removes operational barriers, enabling seamless data access across front, middle, and back offices. The partnership also includes a certified interface co-developed with Equity Data Science, demonstrating a commitment to delivering innovative financial services.
In Q1 2022, volatility surged in markets, driven by inflation reaching a 40-year high, interest rate hikes by the U.S. Federal Reserve, and geopolitical tensions from Russia's invasion of Ukraine. The median return for institutional asset owners in Northern Trust's universe was -4.4%. The Corporate ERISA universe saw a return of -6.9%, while Public Funds returned -3.4%. Notably, U.S. equity allocations declined, and the median exposure to U.S. fixed income rose to 21.2%. Overall, global market concerns caused significant downturns across various investment universes.
Northern Trust (Nasdaq: NTRS) announced that Shundrawn Thomas, President of Northern Trust Asset Management, will leave the company effective June 1, 2022, to pursue an entrepreneurial venture. Over his 18-year tenure, he held key roles, promoting diversity and sustainable investing. The company expressed appreciation for his leadership and commitment to inclusivity. Northern Trust manages $1.5 trillion in assets and has a strong global presence, focusing on wealth management, asset servicing, and banking.
Northern Trust Corporation (NASDAQ: NTRS) declared a quarterly cash dividend of
Northern Trust Corporation (NTRS) has announced its first quarter 2022 financial results, highlighting a strong performance. The earnings conference call is scheduled for April 26, 2022, at 8:00 a.m. CT, with a recording available post-call. As of March 31, 2022, Northern Trust reported US$15.5 trillion in assets under custody/administration and US$1.5 trillion in assets under management. The company has consistently distinguished itself with exceptional service and integrity in the wealth management and asset servicing sector.
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