Northern Trust Corp - NTRS STOCK NEWS

Northern Trust Corporation (Nasdaq: NTRS) has announced a quarterly cash dividend of $0.70 per share on its common stock, payable on July 1, 2021, to shareholders of record by June 11, 2021. Additionally, a cash dividend of $293.75 per share on its Series E non-cumulative perpetual preferred stock will also be paid on July 1, 2021, for those on record by June 15, 2021. As of March 31, 2021, Northern Trust managed $14.8 trillion in assets under custody and $1.4 trillion in assets under management.

Northern Trust Corporation has reported its first quarter 2021 financial results, showcasing its strength in wealth management, asset servicing, and banking. As of March 31, 2021, total assets under custody/administration reached US $14.8 trillion, while assets under management totaled US $1.4 trillion. The earnings conference call is scheduled for April 20, 2021, at 8:00 a.m. CT. Investors can access the results and conference call via the company's investor relations page.

Northern Trust Wealth Management has appointed Katherine Berry Templin as the Banking Practice Lead for New England. With over 30 years at Northern Trust, Templin will oversee the firm’s lending and deposit operations, aiming to drive growth through tailored banking solutions for businesses and investors. Her extensive background includes roles in commercial, private equity, and real estate banking. Currently managing a team in Boston, Templin's leadership is expected to enhance the firm's capabilities in delivering wealth management solutions as Northern Trust continues to expand its footprint.

Northern Trust (Nasdaq: NTRS) announced leadership changes in its Central Region, with James Kuehn and Daniel Pienta retiring as Wealth Management Presidents for Wisconsin and Eastern Michigan, respectively. Bradley Peters and Brian Hughes will take over these roles, bringing extensive wealth management experience. Peters has over 30 years in wealth management and previously led the Private Client Advisory Team in Milwaukee, while Hughes has 27 years of experience and was a Senior Portfolio Manager in Grand Rapids. The firm currently manages $347.8 billion in assets.

Northern Trust Front Office Solutions has expanded its team, appointing Nichole Mann as head of operations administration and Nora Tiller as head of client solutions. These strategic hires aim to enhance service capabilities for complex asset owners globally. The integrated, cloud-based platform, launched in 2017, tracks approximately $150 billion in assets and offers a full-service data solution. With a commitment to high-touch services and expert oversight, Mann and Tiller will drive operational governance and client servicing excellence.

Northern Trust has appointed Tami Conetta as Head of Sales and Marketing for the Wealth Management business in the East Region, succeeding Stephanie Goforth, who is now the Global Head of Sales and Marketing for Wealth Management. Conetta, with over a decade of experience at Northern Trust, previously served as Chief Fiduciary Officer overseeing approximately $70 billion in assets under management (AUM). Her extensive background in wealth management positions her to lead business development in the Eastern U.S. effectively.

Northern Trust Wealth Management has announced leadership changes effective March 1, enhancing its operations in Florida. Alexander Adams is appointed President of the South Florida Region, while Thomas Oliveri becomes President of West Florida, overseeing offices from Tampa to Naples. Eric Vainder steps into the role of Senior Market Executive for Broward County. These promotions emphasize the firm's commitment to providing superior wealth management services to high-net-worth clients across the region, with a strong focus on expertise and strategic growth.

Northern Trust Front Office Solutions has launched Operational Risk Consulting, a tailored management consulting service focusing on investment operations. This initiative aims to enhance operating models and drive efficiency for investment organizations, responding to the evolving needs of key stakeholders. Vincent Molino leads this service, offering expertise in areas such as technology evaluations, vendor assessments, and operational process analysis. Northern Trust has a robust history in asset management, holding US$14.5 trillion in assets under custody and US$1.4 trillion under management as of December 31, 2020.

Northern Trust Asset Management (NTAM) is enhancing its Minority Brokerage Program by increasing its trade execution commitment from 10% to 15% of equity security trading commissions starting March 2021. This program, initiated in 2007, aims to promote diversity, equity, and inclusion within the investment industry by supporting broker-dealers owned by minorities, women, veterans, or individuals with disabilities. The initiative aligns with growing investor interest in diversity-focused asset managers and builds on NTAM's decade-long partnerships with diverse organizations.