Northern Trust Stock Price, News & Analysis

Northern Trust Asset Management (NTAM), managing $1.2 trillion in assets as of March 31, 2024, has appointed Naoto Komoro to head its Japan office. Komoro, who will continue as Head of Institutional Client Group, Japan, will also become Representative Director and Chair of the Board of NTGI, pending regulatory approval. Reporting to John McCareins and Bert Rebelo, Komoro brings extensive experience from his tenure at Northern Trust since 2007 and previous roles at Mizuho Trust & Banking Co. His appointment aims to drive strategic growth in the Japanese market. NTAM offers multi-asset management and investment advisory services to pensions funds, non-profits, and financial intermediaries in Japan.

Northern Trust has welcomed its 2024 summer interns across various North American offices, including locations in Chicago, Naperville, Boston, LA, Dallas, Miami, Coral Gables, Jersey City, New York, Tempe, and Phoenix. The company's Chairman and CEO, Mike O'Grady, addressed the new interns, encouraging them to embrace their experiences with confidence. The initiative aims to foster learning and leadership among students and graduates. The interns' enthusiasm is anticipated to positively impact Northern Trust's operations over the coming months.

Northern Trust has been awarded GOLD in the Small Employers Category at the 2024 Australian Workplace Equality Index (AWEI) Awards. This recognition, presented by Pride in Diversity, highlights Northern Trust's commitment to workplace equality and inclusive practices. The AWEI awards are a benchmark for LGBTQ+ workplace inclusion in Australia, and this accolade marks a significant achievement for Northern Trust, emphasizing their dedication to fostering a diverse and supportive work environment.

Northern Trust Asset Management (NTAM), managing $1.2 trillion in assets as of March 31, 2024, has appointed David Abner as Head of Global ETFs and Funds.

Abner, an ETF industry pioneer, will oversee NTAM’s mutual fund and ETF strategy, product management, capital markets, and treasury functions. NTAM manages over $230 billion in U.S. mutual funds and global ETFs. NTAM President Daniel Gamba highlights Abner's leadership as key to driving growth and innovation.

Abner brings extensive experience, including roles at Gemini Crypto Exchange and WisdomTree Asset Management. He will report to NTAM's Global Head of Product, Paula Kar, aiming to enhance NTAM's client investment solutions.

Last week, Northern Trust's employee-led Black Business Resource Council hosted students from New City College Hackney for the final session of the 2024 'Amplify Me' program, facilitated by the Local Village Network (LVN) team. The session, held at Northern Trust's London office, included a speed networking game with new mentors and concluded with students receiving certificates of recognition. This marks the second cohort of students participating in the program, which aims to continue fostering positive community engagement. Rachael Box, LVN Founder and CEO, praised the Northern Trust volunteers for their significant impact. The event was deemed a success, thanks to the commitment of Northern Trust partners, facilitators, and volunteers.

Northern Trust announced the appointment of John Coates as Senior Vice President, Senior Portfolio Advisor for its Foundation & Institutional Advisors (FIA) practice in Miami. Coates brings nearly 30 years of investment experience, previously working with PNC Institutional Asset Management and Franklin Templeton Investments. He has a strong background in managing global and international equity, achieving top performance rankings with his managed funds. His appointment aims to enhance Northern Trust's services for foundation, endowment, and institutional nonprofit clients in the Southeast. Coates holds an MBA from Florida Atlantic University and a bachelor's degree from Florida State University, along with CFA and CAIA designations.

Northern Trust will webcast its second quarter 2024 earnings conference call on July 17, 2024, at 8:30 a.m. (CT). The earnings press release and related presentation materials will be available on the company's website ahead of the call. A replay of the webcast will be accessible for four weeks after the event.

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.