Welcome to our dedicated page for Northern Trust Corporation news (Ticker: NTRS), a resource for investors and traders seeking the latest updates and insights on Northern Trust Corporation 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 Asset Management (NTAM), managing $1.2 trillion in assets, has appointed Xiangrong (Sharon) Jin, Ph.D as Head of Product Strategy. Jin will lead NTAM's global product strategy organization, focusing on innovation, scalable growth, and client-centric solutions across all asset classes, investment strategies, vehicles, and geographies.
Jin brings nearly 20 years of asset management experience, including 15 years at Goldman Sachs Asset Management in senior leadership roles. She holds a Ph.D. in finance from the University of Lausanne, a master's in international finance from Fudan University, and a bachelor's in quantitative finance from Nanjing University.
Northern Trust (NTRS) has been reappointed by Lancashire County Pension Fund to provide custody and performance measurement services for its £11.5 billion (US$14.6 billion) fund. This renewal extends their 13-year partnership, highlighting Northern Trust's commitment to the Local Government Pension Scheme (LGPS) sector.
Lancashire County Pension Fund serves approximately 189,000 employees and over 300 public sector employers in North West England. The reappointment underscores Northern Trust's expertise in serving LGPS clients and its role as a strategic partner to the LGPS community.
Northern Trust's Asset Owner business provides custody services to over 370 clients with US$3.01 trillion in assets under custody across EMEA, as of 31 May 2024. This reappointment reinforces Northern Trust's position as a leading asset servicing provider to UK pension funds.
Northern Trust (NTRS) has released its second quarter 2024 financial results. The company's earnings report is available on its investor relations website and has been filed with the SEC. Northern Trust will host a webcast earnings conference call on July 17, 2024, at 8:30 a.m. CT to discuss the results. Investors and analysts can access the live call through the company's website, and a recording will be available for approximately four weeks afterward. Participants will need Windows Media or Adobe Flash software to join the webcast.
Northern Trust (Nasdaq: NTRS) has declared quarterly cash dividends on its common and preferred stock. The company will pay $0.75 per share on common stock to holders of record as of September 6, 2024, payable on October 1, 2024. For preferred stock, Series D will receive $2,300 per share ($23.00 per depositary share), and Series E will receive $293.75 per share ($0.29375 per depositary share), both payable on October 1, 2024, to holders of record as of September 15, 2024. This dividend declaration demonstrates Northern Trust's commitment to returning value to shareholders and reflects the company's financial stability.
Northern Trust has appointed Ali Nafii as Market Leader in San Diego, where he will direct the wealth management business for high-net-worth individuals and families. Nafii, who joined Northern Trust in 2015, will be responsible for driving strategic growth in San Diego, leading a team that provides investment management, trust, banking, and advisory solutions.
Previously serving as Client Development Market Lead & Senior Portfolio Advisor in Orange County, Nafii's appointment follows impressive new business results in San Diego in 2023. Northern Trust Wealth Management offers holistic wealth management services and has $420.6 billion in assets under management as of March 31, 2024.
Northern Trust (Nasdaq: NTRS) has been appointed by Valverde Investment Partners Pte to provide custody, fund administration, foreign exchange, and cash management services for its new Variable Capital Company (VCC) fund and its sub-fund, ASEAN+ Fund (VAPF). Valverde is a newly established independent investment management firm in Singapore, focusing on ASEAN equities. The VCC and VAPF aim for long-term absolute returns through investments in publicly traded ASEAN companies. Northern Trust's appointment underscores its position as a premier provider of custody and fund services in Singapore. Valverde's CEO, John Foo, highlighted Northern Trust's global expertise and client-focused approach as key factors in this partnership.
Northern Trust has published its latest Sustainability Report, focusing on sustainability efforts that benefit clients, employees, shareholders, communities, and the environment. Chairman and CEO Michael O’Grady and Head of Corporate Sustainability, Kimberly Evans, emphasized the importance of ethical business practices, risk management, and community care.
Key achievements in 2023 include maintaining an outstanding Community Reinvestment Act (CRA) rating for the 28th year, with community investments exceeding $4.6 billion; supporting over 900 charities worldwide, and contributing 106,000 hours of volunteer work by employees; increasing diverse supplier spending from 6% to 10%; and enhancing climate risk management by reducing energy consumption by 27% and implementing Energy and Environmental Management Systems (EMS) in offices in Europe and the Middle East. The report also highlights ongoing efforts in diversity, equity, and inclusion.
Northern Trust remains committed to making a positive, sustainable impact in collaboration with stakeholders.
Northern Trust announced the Federal Reserve's 2024 Comprehensive Capital Analysis and Review (CCAR) results, indicating a 2.5% Stress Capital Buffer (SCB), unchanged from the current level. This SCB will be effective from October 1, 2024, to September 30, 2025, ensuring a minimum common equity tier 1 (CET1) ratio of 7%. CEO Michael O’Grady emphasized the strength of Northern Trust's capital position and business model. Northern Trust plans to maintain its quarterly cash dividend of $0.75 per share, subject to board approval, and will evaluate potential stock repurchases based on its strong capital position and market conditions.
On June 27, 2024, Northern Trust celebrated Reserves Day on June 26th and Armed Forces Day on June 29th. The company's Military Appreciation and Assistance Business Resource Council (MAARC) collaborated with the Women in Leadership Business Resource Council at their London office. The event featured former British Army personnel Jeannie Saville and Bridget Forster, who shared their military experiences and career insights. David Brooks MBCI, MAARC Co-Chair, led the discussion, highlighting the challenges and successes of female military leaders. Northern Trust, a gold award signatory of the Armed Forces Covenant, has been recognized as a top 50 employer of veterans in the UK.
Northern Trust (Nasdaq: NTRS) has been chosen by Canada Life Asset Management (CLAM) to provide comprehensive asset servicing solutions, which include middle office outsourcing, global custody, securities lending, fund administration, and depositary services. This partnership consolidates all middle office solutions under Northern Trust and includes investment book of record and data solutions.
Headquartered in London, CLAM manages over £39.6 billion across various asset classes like fixed income, equities, UK property, and multi-asset solutions. This move aims to enhance operating model efficiency and data quality, aligning with institutional asset managers' and owners' needs for simplified yet complex management models.
Mark Giancola, COO of CLAM, expressed confidence in Northern Trust's ability to support their diverse investments and deliver high-quality data. Laurence Everitt, Northern Trust's Head of Global Fund Services, UK, highlighted their investment in technology and global operating model as key factors in meeting CLAM’s requirements.
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