Northern Trust Stock Price, News & Analysis

Northern Trust (Nasdaq: NTRS) has announced the appointment of Stanislav Treger as Behavioral Insights Advisor. Treger, previously a Senior Behavioral Scientist at Morningstar, will enhance the Northern Trust Institute by integrating behavioral science into wealth management strategies. With over 10 years of expertise, he aims to help clients articulate and achieve their financial goals. The Northern Trust Institute employs more than 175 specialists focused on data-driven wealth management solutions. As of June 30, 2021, Northern Trust managed assets totaling $371.1 billion.

Northern Trust (Nasdaq: NTRS) has acquired an equity stake in Essentia Analytics, Ltd., a provider of behavioral analytics aimed at enhancing investment performance. This partnership is part of Northern Trust's Whole Office strategy, which offers clients access to innovative technologies. Essentia’s analytics tools help institutional investors identify biases in decision-making, thereby improving outcomes in stock picking, sizing, and timing. The collaboration is expected to boost productivity and investment results for clients globally.

Northern Trust Asset Management has appointed Angelo Manioudakis as the new Chief Investment Officer effective September 27. With over 32 years of experience, Manioudakis previously held senior roles at Fidelity, managing approximately $500 billion in assets. He co-founded Lantern Harbor Investment Partners and will oversee investment performance and policy for Northern Trust’s products, which manage over $1.2 trillion in assets. His leadership is expected to enhance the investment firm's strategic goals and innovation.

Northern Trust Corporation (NTRS) will webcast its third quarter 2021 earnings conference call on October 20, 2021, at 9:00 a.m. (CT). The earnings press release and presentation materials will be shared that morning, accessible via Northern Trust’s website. The company, established in 1889, provides wealth management and asset servicing globally, managing assets under custody of US$15.7 trillion and assets under management of US$1.5 trillion as of June 30, 2021.

Northern Trust has introduced an AI-powered solution developed in collaboration with Microsoft Azure to digitize and automate the extraction of unstructured investment data from alternative asset documents. This new technology aims to enhance data accessibility for asset owners, facilitating improved performance, liquidity, and risk analytics. The solution processes over 1.5 million alternative asset documents annually and is part of Northern Trust's broader initiative to optimize alternative asset servicing through advanced technologies, including blockchain and machine learning.

50 South Capital Advisors has appointed Kodee Furst as Director in its private equity group, enhancing their capacities in North Dakota's private capital ecosystem. Furst will focus on sourcing, evaluating, and executing investments while participating in fundraising and portfolio management. Her extensive experience with entrepreneurs and in the oil and gas industry positions her well for this role. Notably, Northern Trust, a significant player in financial services, wholly owns 50 South Capital. This move is aimed at identifying promising private capital opportunities.

Northern Trust's Capital Market Assumptions Report projects a global economic growth of 2.9% over the next five years, with annualized inflation expected at 1.7%. The firm anticipates low interest rates leading to modest returns, forecasting a 4.6% annualized return for global equities, reflecting a 0.3 percentage-point decrease from the previous year. Key insights suggest a reversion to mediocrity in growth and persistent 'stuckflation' as inflation remains below central bank targets. The report indicates that technology will continue to influence inflationary pressures, and central banks will maintain accommodative policies.

Northern Trust has appointed Rick Fernandez as president of the Washington, D.C. market and a member of the Mid-Atlantic Region Leadership Team. With 19 years at Northern Trust, he will oversee wealth management operations in Washington, Virginia, and Maryland, focusing on delivering holistic advice and superior client service. His experience includes working with high-net-worth families and closely-held businesses. Northern Trust ranks among the top 10 U.S. wealth managers, boasting $371.1 billion in assets under management as of June 30, 2021.

Northern Trust (Nasdaq: NTRS) has appointed Leon Stavrou as the head of its business in Australia and New Zealand, effective October 1, 2021. Stavrou, who has over 20 years of experience in the asset servicing sector, previously managed operations in Australia and the Asia Pacific region. He succeeds Angelo Calvitto, who now leads Northern Trust in Asia Pacific. The company, the second largest custodian in the Australian market, has over 200 employees in Sydney and Melbourne, providing tailored asset servicing solutions to institutional clients.