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 (Nasdaq: NTRS) has been appointed to provide fund administration services for Pershing Square Capital Management, supporting their funds in Guernsey, Cayman, and Delaware. Chief Financial Officer Michael Gonnella emphasized Northern Trust's capability to meet complex requirements while delivering seamless service. CEO Jeff Boyd expressed enthusiasm for the partnership, highlighting Northern Trust's global reputation. Northern Trust offers a comprehensive range of asset servicing solutions, serving major asset managers and owners worldwide, with $13.1 trillion in assets under custody as of September 30, 2020.
Northern Trust (Nasdaq: NTRS) has launched a next-generation investor portal aimed at enhancing the experience for alternative asset managers. This cloud-based platform, developed in partnership with InvestCloud, offers 24/7 access to investment data, customized views, and secure data visualization. Features include direct investor access, automated notifications, and detailed analytics for managers. As the alternatives market becomes more complex, this innovative portal helps clients meet evolving investor expectations and strengthens their business relationships.
Northern Trust's Emotomy® platform has enhanced its functionality by integrating with Schwab Advisor Center, improving advisor efficiency. This update offers a seamless single sign-on experience and builds upon Emotomy's commitment to integrating with fintech providers. The platform allows advisors to provide scalable personalized advice using its powerful portfolio construction tool. Additionally, Emotomy's recent updates include a new public-facing website and a multi-factor income portfolio. Northern Trust completed the acquisition of Belvedere Advisors, the parent company of Emotomy, a year ago.
Northern Trust (Nasdaq: NTRS) has been selected by Emerald Technology Ventures AG to provide fund administration, global custody, and banking services for the Emerald Global Water Impact Fund LP. This US$100 million fund will invest in early-stage and expansion-stage companies in the water technology sector, addressing global water issues aligned with UN sustainable development goals. Northern Trust's partnership with Emerald spans over two decades, supporting six fund launches and innovations in private equity blockchain applications.
In the third quarter of 2020, institutional investment plans reported positive median returns, according to the Northern Trust Universe. The median plan return was 5.1% from July 1 to September 30. Foundations and Endowments achieved a 5.9% return, surpassing Public Funds at 5.0% and Corporate ERISA pension plans at 4.4%. The U.S. equity median return was 8.3%, while U.S. fixed income yielded 1.4%. Notably, Corporate ERISA pensions allocated 38.8% of assets to fixed income. Northern Trust Corporation, listed as NTRS, oversees over $1.3 trillion in assets.
Northern Trust (Nasdaq: NTRS) has launched new Research Management and Investment Analysis modules in its Front Office Solutions tool. This web-based platform caters to institutional investors managing complex portfolios, including alternatives, by improving data capacity, speed, and customizable reporting. The Research Management module supports the manager selection process, while the Investment Analysis module allows investors to evaluate performance and risk measures across their investments. The tool leverages cloud technology and AI for efficient data management.
The Northern Trust Canada Universe reported a 3.2% return for Canadian defined benefit plans in Q3 2020, bolstered by resilient equity markets despite volatility. Canadian equities saw a 4.7% rise, while U.S. equities surged 6.8% in CAD. International developed markets produced a 2.9% return, and emerging markets led at 7.6%. The Canadian economy showed recovery signs with a drop in unemployment to 9.0%. Meanwhile, the U.S. unemployment rate fell to 7.9%. Northern Trust continues to adapt to evolving pension plan needs amid ongoing economic recovery.
Northern Trust Wealth Management has appointed Ron Klotter as a Senior Portfolio Manager in its Foundation & Institutional Advisors (FIA) practice in Chicago. Klotter will oversee investment strategies for nonprofit clients, leveraging his extensive background in investment management. Previously, he held roles at Strategic Investment Group, Wellington Management Company, and Invesco. With over 130 years of experience, Northern Trust manages $303.8 billion in assets as of June 30, 2020, and provides wealth management services globally.
Northern Trust (Nasdaq: NTRS) has been chosen by Kieger AG to deliver comprehensive fund administration, global custody, depositary, and currency management services for its Luxembourg-domiciled funds, which focus on ESG criteria. Kieger manages several billion euros in assets across various sectors. Northern Trust's commitment to Luxembourg's fund jurisdiction aligns with its continental growth strategy, offering a full suite of asset servicing solutions.
With a strong presence in Luxembourg since 2004, Northern Trust is now a top 10 fund administrator in the region.
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