Northern Trust Stock Price, News & Analysis

Northern Trust (Nasdaq: NTRS) has expanded its partnership with 2Xideas AG, a Switzerland-based investment firm managing approximately US$2bn in assets. The expansion includes Northern Trust's Integrated Trading Solutions (ITS), adding to the existing fund accounting, financial reporting, transfer agency, custody, and depositary services provided since 2022.

2Xideas, founded in 2013, focuses on liquid mid-cap stocks and manages four funds and several managed accounts. The firm will now utilize Northern Trust's outsourced trading capability exclusively. This move aims to streamline trading processes and provide access to Northern Trust's liquidity and scale, supporting 2Xideas' growth and client service objectives.

Northern Trust's ITS offers worldwide agency-only trading expertise, coverage from multiple locations, high-quality liquidity access, and integrated middle and back-office services. This solution helps asset managers reduce costs, manage risks, and enhance operational efficiency.

Northern Trust (Nasdaq: NTRS) has officially launched The Northern Trust Carbon Ecosystem™, a blockchain-based platform enabling institutional buyers to digitally access carbon credits from project developers. The platform, powered by Northern Trust Matrix Zenith™, has completed its first live transactions with Water Recovery Systems IP and CUT Carbon Distributed Technologies AG selling carbon credits to institutional buyers.

The ecosystem utilizes private ledger digital blockchain technology to facilitate direct purchases and retirements of digital carbon credits, with Northern Trust acting as the designated custodian. This launch supports the growing interest in the Voluntary Carbon Market by providing a digital lifecycle management capability for voluntary carbon credits, offering a seamless and secure settlement experience.

Northern Trust (NTRS) has announced significant leadership changes effective Oct. 1, 2024, as part of its One Northern Trust strategy. The changes aim to optimize growth, strengthen resiliency, and drive productivity. Key appointments include:

- Peter B. Cherecwich as Chief Operating Officer
- Teresa Parker as President of Asset Servicing
- Steven L. Fradkin as Vice Chairman
- Jason Tyler as President of Wealth Management
- David W. Fox Jr. as Chief Financial Officer

These changes reflect the company's commitment to serving clients effectively in a changing landscape while leveraging the strength and depth of its leadership talent.

Northern Trust (Nasdaq: NTRS) has announced an enhancement to its Hedge Fund Services platform, expanding capabilities to support asset managers trading in energy and physical commodities. This addition to the Omnium platform allows for a unified investment and accounting book of record across public markets, private markets, and commodities.

The enhancement addresses the growing demand for energy investing and fills a market gap in servicing these products, which often involve complex settlement processes. It offers customizable web-based dashboards to deliver relevant, actionable information to clients, enabling them to optimize investment strategies.

This development reinforces Northern Trust's commitment to adapting to client needs and supporting alpha-generating opportunities in evolving markets.

Northern Trust has announced that Chief Financial Officer Jason Tyler will participate in the Barclays Global Financial Services Conference in New York City. The event is scheduled for Tuesday, September 10, 2024, at 3:30 p.m. (ET).

Investors and interested parties can access a live webcast of the event through Northern Trust's website in the investor relations section. For those unable to attend or watch live, a replay will be available for approximately four weeks after the session date, providing ample opportunity for stakeholders to catch up on the presentation and any insights shared during the conference.

Northern Trust (Nasdaq: NTRS) has been chosen by Nedgroup Investments to provide outsourced trading through its Integrated Trading Solutions (ITS) for their new in-house multi-boutique platform specializing in fixed income. Nedgroup Investments, managing over $20 billion in assets, will utilize Northern Trust's services for its Global Strategic Bond Fund. This selection highlights a growing trend in outsourcing fixed income trading, with Northern Trust reporting a 144% growth in trade flow activity for their fixed income desk in 2023.

The partnership leverages Northern Trust's flexible ITS solution, extensive liquidity networks, and expert traders to support Nedgroup's fund growth and trading needs. This collaboration underscores the critical importance of market liquidity access in bond fund management, enabling Nedgroup to implement its investment strategies effectively.

Northern Trust has partnered with Greenlight Financial Technology to offer its clients complimentary access to Greenlight's family finance app and debit card. This collaboration aims to enhance financial literacy among families and prepare the next generation for responsible wealth management. The partnership addresses concerns highlighted by Northern Trust Institute's research, which found that 48% of high-net-worth families worry about their children's preparedness to manage wealth, despite 79% providing financial education.

Through this initiative, Northern Trust clients can receive a free Greenlight SELECT plan subscription, enabling families to build smart money habits together. The platform teaches children about earning, saving, giving, and spending wisely under parental supervision, creating valuable teachable moments in financial management.

Northern Trust (NTRS) has been recognized for its commitment to inclusivity with several prestigious awards in 2024. The company was named a Seramount 100 Best Companies winner for its support of working parents, and a Best Companies for Multicultural Women winner for its efforts in recruiting and advancing multicultural women globally. Northern Trust also achieved a 100% score on the Disability Equality Index for the sixth consecutive year, marking its tenth year as a top-scoring company. Additionally, the firm was shortlisted as a finalist for the LGBT+ Inclusion in India Award by Community Business, recognizing its efforts to promote an LGBTQ+ inclusive culture in Asia.

These accolades reflect Northern Trust's ongoing commitment to fostering a diverse and inclusive workplace, demonstrating its 'culture of care and collaboration' through tangible actions to support its employees.

Northern Trust's North America Intern Program has been recognized as one of the top 100 internship programs by Yello.co and WayUp. This achievement highlights the dedication and success of Northern Trust's Campus team in creating valuable opportunities for students and global teams.

The company acknowledges the significant role of internships in their organization and expresses gratitude to all past and present interns for contributing to this recognition. Northern Trust emphasizes the endless opportunities these programs provide for both students and their global teams.

This announcement coincides with National Intern Day, further underscoring the importance of internships in Northern Trust's corporate culture and talent development strategy.