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) launched the Tax Policy Resource Center, a dedicated online platform analyzing tax policy's impact on wealth management. The center provides insights on tax-efficient investing and strategies for high-net-worth individuals, including business owners and executives. As tax policy changes evolve, the center will offer updated research and resources to help clients navigate potential impacts. With $355.4 billion in assets under management, Northern Trust continues to enhance its wealth management services for affluent clients.
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.
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