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 expanded its relationship with the New Zealand Superannuation Fund (NZ Super Fund) to provide Data Warehouse Solutions. The fund, which has been receiving global custody and compliance monitoring services from Northern Trust since 2007, and securities lending services from 2019, sought a modern solution to consolidate its data. This will allow the NZ Super Fund to transition away from legacy technology. Northern Trust’s Data Warehouse Solutions will offer comprehensive, end-to-end management of data from multiple sources, tailored to meet the fund’s data and analytical needs. Craig Cullen, NZ Super Fund Head of Data Technology, praised the seamless integration and improved data outcomes achieved with the new solution.
Northern Trust Asset Management (NTAM), a global investment firm managing $1.2 trillion as of March 31, 2024, has appointed Hugh Ansty, CFA, as Head of Strategic Accounts, Intermediary. Ansty will lead sales and client relationship strategies within the intermediary market for NTAM’s Wealth Client Group.
Reporting to Suzanne Casey and Sunitha C. Thomas, co-heads of the Wealth Client Group, Ansty’s role focuses on deepening client relationships and driving revenue growth. Ansty brings over 30 years of experience, most recently serving as Head of National Accounts at Hilton Capital Management. His background includes leadership roles at BlackRock, Merrill Lynch, Pioneer Investments, and Evergreen Investments.
The company expects Ansty to significantly enhance their market presence and client service capabilities.
Northern Trust (Nasdaq: NTRS) has appointed Chandra Dhandapani to its Board of Directors. Dhandapani is a senior advisor at CBRE Group, with extensive experience in technology, management, and financial services. She previously served as CEO of CBRE's Global Workplace Solutions segment and held executive roles including Chief Transformation Officer and Chief Operating Officer. Dhandapani's background includes a 17-year tenure at Capital One Financial, where she was Chief Information Officer of the Financial Services division. Northern Trust's CEO, Michael O'Grady, highlighted her diverse expertise in technology and financial services as invaluable to the board.
Northern Trust (Nasdaq: NTRS) has been appointed by Partners Group (SIX: PGHN) to provide comprehensive asset servicing solutions for its new ELTIF-compliant Private Equity Evergreen Fund. This collaboration involves offering fund accounting, transfer agency, depositary, and corporate secretarial services for the fund, which adheres to the updated European Union ELTIF 2.0 regulations. These regulations aim to facilitate European investments in private market assets through semi-liquid funds accessible to both professional and non-professional investors. Partners Group manages $147 billion in assets and views this fund as a strategic move to leverage thematic growth trends. Northern Trust's role underscores its capability in supporting diverse asset classes and flexible investment strategies.
Northern Trust announced that its Chief Financial Officer, Jason Tyler, and Wealth Management President, Steven L. Fradkin, will participate in the Morgan Stanley 2024 U.S. Financials, Payments & Commercial Real Estate Conference. The event is set for June 11, 2024, at 4:00 p.m. (ET) in New York City. A live webcast will be available on Northern Trust's website, with a replay accessible for four weeks post-event.
Northern Trust (Nasdaq: NTRS) has announced its new partnership with Equip Super, providing asset servicing solutions including global custody, fund administration, and portfolio analytics services. The transition took effect on April 2, 2024. Equip Super, headquartered in Melbourne, manages AU$34 billion in funds for over 140,000 members in Australia. Northern Trust's experience in the Australian superannuation sector was pivotal in Equip Super's decision, aiming to scale and maintain consistent service. With an established network across the Asia Pacific, Northern Trust offers a comprehensive range of financial services.
Northern Trust announced the promotion of Ryan McCauley to Senior Managing Director for the Foundation & Institutional Advisors (FIA) practice in the West Region. In his new role, McCauley will lead a team that works with foundations, endowments, and nonprofit institutions to develop innovative and customized solutions. McCauley has been with Northern Trust since 2017 and has previously served as Regional Director for FIA in Arizona, Colorado, and Texas. He brings extensive experience from his previous role at J.P. Morgan and holds various FINRA securities licenses. His new leadership is expected to accelerate the growth of Northern Trust’s institutional nonprofit business in the West Region.
The FIA group provides nonprofits with investment management solutions, strategic insights, and asset servicing. Northern Trust Wealth Management manages $420.6 billion in assets as of March 31, 2024.
Northern Trust (Nasdaq: NTRS) has been appointed as the custodian for the Firefighters’ Retirement System (FRS) of Louisiana, a $2.4 billion fund as of March 31, 2024. FRS chose Northern Trust for its innovative technology and tailored services. Michael Becker, CIO of FRS, highlighted Northern Trust's advanced technology and client-centric culture as key differentiators. Melanie Pickett, Head of Asset Owners at Northern Trust, emphasized the company's commitment to supporting the asset owner community and growth in Louisiana. Established in 1980, FRS provides retirement benefits for Louisiana firefighters.
Northern Trust Guernsey recently introduced e-bikes for their team, providing a sustainable commuting solution on the island. The initiative received positive feedback from staff, offering convenient and eco-friendly transportation options for local commutes and meetings.
Neurodiversity Awareness Month was recently observed at Northern Trust India offices. Events and initiatives were organized locally to raise awareness about neurodiversity, including an Immersive Experience event, workshops, and a panel discussion. The company also partnered with Blue Elephant Soapery, a venture run by a woman on the autism spectrum. Northern Trust aims to create a more inclusive workplace and support diverse suppliers.
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