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 financial services company in the commercial banking and broader finance sector, focusing on wealth management, asset servicing, asset management and banking services for corporations, institutions, affluent families and individuals. The NTRS news feed highlights how the firm’s global platform, institutional relationships and wealth capabilities evolve over time.
News about Northern Trust often covers mandates and client wins with institutional asset owners and investment managers. Recent announcements include expanded global custody and investment operations roles for pension providers, new middle office and investment operations outsourcing appointments, and asset servicing mandates for multi-asset fund ranges. These items illustrate how Northern Trust supports pensions, endowments and other asset owners across custody, fund administration, middle office and currency management.
Coverage also features asset management developments, such as Northern Trust Asset Management’s direct indexing solutions for ultra-high-net-worth portfolios, its views on global investment outlooks, and its role as a global investment manager. These stories provide insight into how the firm approaches capital markets research, portfolio construction, risk management and tax-aware investing.
Investors and observers will also find corporate and leadership updates, including leadership appointments within asset servicing and wealth management, and information on earnings webcasts and conference calls. Banking-related news, such as changes to the company’s prime rate, appears alongside broader commentary on economic conditions and asset class views from Northern Trust Asset Management.
By following NTRS news, readers can track how Northern Trust engages with institutional and wealth clients, how it positions its asset servicing and asset management capabilities, and how management communicates its perspective on markets and the company’s strategic priorities. This page aggregates these updates in one place for convenient ongoing monitoring.
Northern Trust has announced significant progress in its environmental initiatives, targeting a 50% reduction in GHG emissions across Scope 1, 2, and partial Scope 3 by 2030 from a 2019 baseline, with the ultimate goal of achieving Net Zero carbon emissions from operations by 2050. The company completed four LED lighting projects in 2023, saving approximately 60 tons of carbon. Energy consumption per full-time employee has decreased by 27%, with estimated absolute emissions reduction of 3.4% versus 2019 baseline. The company is implementing Environmental and Energy Management Systems in key locations and partnering with organizations like Climate Vault to support carbon removal technologies.
Northern Trust has announced its participation in the Goldman Sachs 2024 US Financial Services Conference in New York City. Chairman and CEO Michael O'Grady and CFO David Fox will represent the company at the event on Wednesday, December 11, 2024, at 11:20 a.m. (ET).
The presentation will be accessible through a live webcast on Northern Trust's website in the investor relations section, with a replay available for approximately four weeks following the event.
Northern Trust (NTRS) has been selected to provide custody services for the Fiji National Provident Fund (FNPF), Fiji's sole compulsory Superannuation Fund. FNPF manages retirement savings for Fijian workforce through a multi-asset class approach, including listed equities, fixed-income securities, private markets, and real estate. This selection marks Northern Trust's first institutional client in Fiji, expanding its footprint in the Asia Pacific region where it maintains offices across ten major cities and serves various institutional clients including central banks, sovereign wealth funds, and asset managers.
Northern Trust reported record-breaking employee volunteering in 2023, with staff contributing 106,000 hours of service throughout the year, including nearly 53,000 hours during October's global month of service, Achieving Greater Together. The company supported over 1,700 organizations worldwide through various initiatives, from shelter painting in India to beach clean-ups in Australia. For every volunteer hour in October, Northern Trust donated 50 meals, resulting in over 2.6 million meals contributed. The company maintained an 'Outstanding' Community Reinvestment Act rating for the 28th consecutive year, with a community investment portfolio exceeding $4.6 billion.
Northern Trust Asset Management (NTAM), managing $1.3 trillion in assets, has appointed Peter Wilke, CFA as Head of Tactical Asset Allocation. Wilke will lead a team conducting global macroeconomic research that drives NTAM's investment views on market-moving factors. Reporting to CIO Anwiti Bahuguna, he brings over 20 years of multi-asset investment experience from previous roles at Wellington Management, BlackRock, and Deutsche Bank. The appointment aims to strengthen NTAM's investment capabilities and enhance their economic research process.
Northern Trust Asset Management (NTAM) has appointed Jan Rohof as Director of Quantitative Solutions for Asia Pacific, based in Melbourne. This appointment is part of a series of global quantitative appointments, following the 2023 hiring of Guido Baltussen as head of Quantitative Strategies International. Rohof will lead NTAM's quantitative investment solutions in APAC, focusing on creating tailored investment strategies for clients. Previously at Robeco for ten years, Rohof joins NTAM's global team of over 40 quantitative investment professionals. The firm manages approximately US$40.4 billion in quantitative active strategies as of September 30, 2024.
Northern Trust has secured three major awards from Professional Wealth Management and The Banker magazines, including 'Best Private Bank in the U.S.' for the 13th time, 'Best Private Bank in North America for Entrepreneurs', and 'Best Private Bank in North America for Ultra High Net Worth Clients'. The awards recognize Northern Trust's excellence in wealth management, particularly noting their data analysis capabilities and comprehensive services for entrepreneurs and family businesses. With over $440 billion in assets under management, the company serves affluent individuals, families, and businesses through specialized teams offering tailored wealth management solutions, succession planning, and commercial banking services.
Northern Trust announced a reduction in its prime rate from 8.00% to 7.75%, which will take effect on Friday, November 8, 2024. This 25 basis point decrease represents an adjustment in the bank's benchmark lending rate.
Northern Trust reports strong Q3 2024 performance for U.S. institutional investors, with the All Funds Over $100 Million plan universe achieving a 4.7% median return. The Corporate (ERISA) universe led with 6.4%, followed by Public Funds at 4.5% and Foundation & Endowment at 4.2%. Strong performance was driven by U.S. equities and fixed income markets, with small-cap stocks outperforming large-caps. The U.S. Fixed Income program posted a 5.0% median return, while the U.S. Equity Program achieved 6.3%. One-year returns approached 20% across segments.
Northern Trust (NTRS) completed a record-breaking month of service with employees contributing 61,000 volunteer hours to support more than 1,600 nonprofit organizations across 20 countries. The 'Achieving Greater Together' initiative included activities like blood donation drives in India, animal shelter support in Luxembourg, and food donation assistance in the UK. The company provides employees with two paid volunteer days annually and pledges 50 meals for every hour volunteered in October. This year's efforts resulted in a pledge of over 3 million meals through partnerships with global food banking networks.
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