Northern Trust Corp - NTRS STOCK NEWS

Northern Trust (Nasdaq: NTRS) has announced an enhancement to its Hedge Fund Services platform, expanding capabilities to support asset managers trading in energy and physical commodities. This addition to the Omnium platform allows for a unified investment and accounting book of record across public markets, private markets, and commodities.

The enhancement addresses the growing demand for energy investing and fills a market gap in servicing these products, which often involve complex settlement processes. It offers customizable web-based dashboards to deliver relevant, actionable information to clients, enabling them to optimize investment strategies.

This development reinforces Northern Trust's commitment to adapting to client needs and supporting alpha-generating opportunities in evolving markets.

Northern Trust has announced that Chief Financial Officer Jason Tyler will participate in the Barclays Global Financial Services Conference in New York City. The event is scheduled for Tuesday, September 10, 2024, at 3:30 p.m. (ET).

Investors and interested parties can access a live webcast of the event through Northern Trust's website in the investor relations section. For those unable to attend or watch live, a replay will be available for approximately four weeks after the session date, providing ample opportunity for stakeholders to catch up on the presentation and any insights shared during the conference.

Northern Trust (Nasdaq: NTRS) has been chosen by Nedgroup Investments to provide outsourced trading through its Integrated Trading Solutions (ITS) for their new in-house multi-boutique platform specializing in fixed income. Nedgroup Investments, managing over $20 billion in assets, will utilize Northern Trust's services for its Global Strategic Bond Fund. This selection highlights a growing trend in outsourcing fixed income trading, with Northern Trust reporting a 144% growth in trade flow activity for their fixed income desk in 2023.

The partnership leverages Northern Trust's flexible ITS solution, extensive liquidity networks, and expert traders to support Nedgroup's fund growth and trading needs. This collaboration underscores the critical importance of market liquidity access in bond fund management, enabling Nedgroup to implement its investment strategies effectively.

Northern Trust has partnered with Greenlight Financial Technology to offer its clients complimentary access to Greenlight's family finance app and debit card. This collaboration aims to enhance financial literacy among families and prepare the next generation for responsible wealth management. The partnership addresses concerns highlighted by Northern Trust Institute's research, which found that 48% of high-net-worth families worry about their children's preparedness to manage wealth, despite 79% providing financial education.

Through this initiative, Northern Trust clients can receive a free Greenlight SELECT plan subscription, enabling families to build smart money habits together. The platform teaches children about earning, saving, giving, and spending wisely under parental supervision, creating valuable teachable moments in financial management.

Northern Trust (NTRS) has been recognized for its commitment to inclusivity with several prestigious awards in 2024. The company was named a Seramount 100 Best Companies winner for its support of working parents, and a Best Companies for Multicultural Women winner for its efforts in recruiting and advancing multicultural women globally. Northern Trust also achieved a 100% score on the Disability Equality Index for the sixth consecutive year, marking its tenth year as a top-scoring company. Additionally, the firm was shortlisted as a finalist for the LGBT+ Inclusion in India Award by Community Business, recognizing its efforts to promote an LGBTQ+ inclusive culture in Asia.

These accolades reflect Northern Trust's ongoing commitment to fostering a diverse and inclusive workplace, demonstrating its 'culture of care and collaboration' through tangible actions to support its employees.

Northern Trust's North America Intern Program has been recognized as one of the top 100 internship programs by Yello.co and WayUp. This achievement highlights the dedication and success of Northern Trust's Campus team in creating valuable opportunities for students and global teams.

The company acknowledges the significant role of internships in their organization and expresses gratitude to all past and present interns for contributing to this recognition. Northern Trust emphasizes the endless opportunities these programs provide for both students and their global teams.

This announcement coincides with National Intern Day, further underscoring the importance of internships in Northern Trust's corporate culture and talent development strategy.

Northern Trust's Q2 2024 data shows subdued global equity market returns, with institutional asset owners in the Northern Trust All Funds Over $100 million plan universe seeing a median return of 1.1%. The Foundation and Endowment universe had a 1.3% median return, Public Funds were up 1.2%, while the Corporate (ERISA) universe was nearly flat at 0.01%.

U.S. equities had mixed results, with growth companies tied to AI performing well. The U.S. Equity Program universe had a 1.9% median return. Large-cap stocks outperformed small-cap, and the U.S. Fixed Income program universe median return was up 0.3%. Fiscal year-end returns for various segments were reported, with Foundations & Endowments showing the strongest performance across one-, three-, and five-year periods.

Northern Trust Asset Management (NTAM), managing $1.2 trillion in assets, has announced two significant moves to enhance its investment stewardship capabilities:

1. Appointment of Paul Clark as Global Head of Stewardship, based in London. With over 35 years of industry experience, Clark will lead NTAM's investment stewardship strategy and chair the Northern Trust Proxy Voting Committee.

2. Introduction of proxy voting choice for investors in select U.S. common and collective funds. This rollout allows eligible clients representing $250 billion in assets to choose from four voting guideline options, joining $342 billion in separately managed accounts that already have this optionality.

These actions aim to protect and enhance client assets, with NTAM now offering approximately 76% of client equity assets the ability to exercise proxy voting preferences.

Northern Trust (Nasdaq: NTRS) has been selected to provide outsourced trading via its Integrated Trading Solutions (ITS) for True Potential, a UK-based wealth management firm managing £31.7bn in assets. Northern Trust will handle trading for True Potential's internally managed funds, worth approximately £6.1bn. This expands on Northern Trust's existing role as True Potential's custodian, announced in January 2024, which includes fund accounting, transfer agency, custody, and depositary services for True Potential's UK-domiciled fund range.

True Potential chose Northern Trust for its extensive broker access, trading expertise, and transparent commission model. The partnership aims to lower costs for True Potential's clients while enhancing operational efficiency. Northern Trust's ITS combines global trading expertise with integrated middle and back-office services, helping asset managers reduce costs, manage compliance, and improve transparency.