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.
SC Ventures, part of Standard Chartered, and Northern Trust have announced a partnership to launch Zodia Custody, an institutional-grade custody solution for cryptocurrencies. With cryptocurrencies currently at 0.3% of global currency and expected to grow at a CAGR of 32% until 2024, Zodia aims to cater to institutional interest, currently low at 9%. Pending regulatory approval, Zodia will initially provide custody for major cryptocurrencies, which account for 80% of top crypto assets. The service aims to combine traditional banking security with fintech agility.
Northern Trust (Nasdaq: NTRS) has been selected by Sands Capital Management to deliver comprehensive fund administration, transfer agency, depositary, and global custody services for its US$6 billion Ireland-domiciled UCITS umbrella fund, Sands Capital Funds Plc. The consolidation aims to enhance operational efficiency and service quality for Sands Capital's investment strategies focused on global, US, and emerging markets. This partnership builds on an existing relationship, reinforcing Northern Trust's capabilities in supporting Sands Capital's growth and investor engagement.
Northern Trust Corporation (NTRS) announces its fourth quarter 2020 earnings conference call scheduled for January 21, 2021, at 9:00 a.m. CT. The earnings press release and related materials will be available for review on Northern Trust's website. As of September 30, 2020, the company reported assets under custody of US$13.1 trillion and assets under management of US$1.3 trillion. The webcast will be accessible for about four weeks post-call, allowing for investor engagement and insights into the company's financial performance.
Northern Trust Wealth Management has appointed Monica Fernandes as the new Senior Banking Advisor in Austin, Texas. She will lead the lending and deposit business, focusing on delivering banking solutions to drive growth for clients in Central Texas. With nearly 20 years in banking, Fernandes is recognized for her experience in commercial and real estate banking. Northern Trust, which manages $318.5 billion in assets as of September 30, 2020, aims to enhance its service to the growing entrepreneurial community in Austin by leveraging her expertise.
Emotomy, a division of Northern Trust Asset Management, has unveiled significant enhancements to its digital investment platform. Key improvements include simplified navigation and a tenfold speed increase, enabling advisers to focus more on client interactions. The update, described as a foundation for forthcoming modernization, introduces a robust portfolio engine and paperless automation. The platform also features a new single sign-on for Schwab advisors, streamlining workflow. Since its acquisition of Belvedere Advisors in 2020, Emotomy has continually upgraded its services to meet advisor needs.
Northern Trust Corporation has announced that Chairman and CEO, Michael O’Grady, and CFO, Jason J. Tyler, will present at the Goldman Sachs U.S. Financial Services Conference via webcast on December 8, 2020, at 5:00 p.m. ET. The live audio webcast can be accessed through Northern Trust's website. A replay will be available for around four weeks post-event. Northern Trust, trading under the ticker symbol NTRS, is a prominent provider of wealth management and asset servicing with over $13.1 trillion in assets under custody as of September 30, 2020.
Northern Trust Asset Management's FlexShares has released its sixth biennial survey examining financial advisors' perspectives on outsourcing investment management services. The study, conducted with over 500 advisors, indicates that 41% currently use external managers—consistent with 2010 figures. Notably, 15% plan to increase outsourcing due to pandemic impacts. While the number of accounts outsourced grows, advisors are more selective, with those outsourcing all activities declining to 12%. Additionally, 61% turn to turnkey asset management providers, while digital technology usage is on the rise among advisors.
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.
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