Northern Trust Stock Price, News & Analysis

Northern Trust (NASDAQ:NTRS) has expanded its relationship with Brandes Investment Partners to support the launch of the Brandes Global Value Fund in Australia. This expansion builds on their 30-year partnership, with Northern Trust providing global custody and fund administration services for the new Australian Unit Trust.

The relationship between the companies dates back to 1992, with Northern Trust offering various services including global custody, fund accounting, transfer agency, and foreign exchange. In 2024, Brandes converted seven U.S. mutual funds into Northern Trust's Datum One Series Trust, demonstrating the growing partnership.

Northern Trust (Nasdaq: NTRS) has appointed Jessica Donohue as the new Global Head of Product Management for Asset Servicing. Donohue, who brings 25 years of industry experience, will lead a global team delivering custody, administration, fiduciary, and data solutions for institutional clients.

Reporting to Asset Servicing President Teresa Parker, Donohue joins from State Street Bank and Trust Company, where she held senior leadership positions including global head for the Asset Owner segment and head of Global Investment Insights, Sustainability and Impact. Northern Trust currently serves nearly 3,000 institutional clients across 53 countries, offering solutions in alternative assets, banking, capital markets, fund services, and retirement solutions.

Northern Trust (NYSE:NTRS) has appointed Gary Poth as the new President of the Ohio Market. Poth, bringing over 25 years of financial services experience, joins from Key Private Bank where he led the ultra-high-net-worth and multi-family office division.

Poth succeeds Michael Cogan, who will retire on June 1, 2026 after nearly 20 years of leadership in the Ohio market. The company's Wealth Management division currently manages $468.5 billion in assets as of June 30, 2025.

Northern Trust (Nasdaq: NTRS) has appointed Michael Hunstad as the new President of Northern Trust Asset Management (NTAM), effective immediately. Hunstad, who joined NTAM in 2012, previously served as Global Co-Chief Investment Officer and will report to CEO Michael O'Grady.

With 25 years of industry experience, Hunstad has overseen various investment capabilities including index, fundamental, quantitative, and tax-advantaged strategies. He has led a global team of over 300 professionals and served on key committees including the Asset Management Executive Group, Investment Policy Committee, and Risk Committee.

Prior to Northern Trust, Hunstad held leadership positions at Breakwater Capital and Allstate Investments. He holds a Ph.D. in mathematics, an MBA in finance, an M.A. in econometrics, and a bachelor's degree in economics.

Northern Trust (Nasdaq: NTRS) has been selected by the State of New Mexico Educational Retirement Board (NMERB) to provide comprehensive asset servicing solutions for their $18.5 billion fund. The services include custody, accounting, post-trade compliance, performance measurement, and advanced support for alternative and derivative investments.

NMERB, which provides retirement benefits to New Mexico public education employees, chose Northern Trust for their collaborative approach and advanced analytics capabilities. Northern Trust currently serves nearly 250 public fund clients, with over 40 new mandates secured in the last five years, demonstrating their strong position in the public fund sector.

Northern Trust (Nasdaq: NTRS) has extended its asset servicing relationship with Morningstar Investment Management, continuing to support nine multi-managed registered mutual funds with approximately $5 billion in assets under management.

The partnership, which began in 2018, encompasses global custody, fund accounting, fund administration, transfer agency, regulatory administration, credit, and securities lending services. Morningstar Investment Management, an affiliate of Morningstar, manages $352 billion in assets through various investment strategies including model portfolios and separately managed accounts (SMAs).

Northern Trust (Nasdaq: NTRS) has expanded its relationship with the North Dakota Retirement and Investment Office (NDRIO) to provide outsourced trading services through its Integrated Trading Solutions (ITS) platform. This expansion builds upon their 35-year partnership that began with custody services in 1990.

The collaboration supports NDRIO's strategy to internalize more of its State Investment Board's asset management. NDRIO manages investments for multiple client funds, including the $12 billion North Dakota Legacy Fund, Public Employees Retirement System, Teachers' Fund for Retirement, and Workforce Safety & Insurance Fund.

Northern Trust's ITS platform offers worldwide agency-only trading expertise, global market coverage, and integrated middle and back-office services, helping asset owners reduce costs and enhance operational efficiency.

Northern Trust (Nasdaq: NTRS) has been selected by Gravis Advisory Limited to provide comprehensive asset servicing solutions for their OEIC fund range in the UK. Gravis, managing £2.3 billion in assets, specializes in infrastructure, real estate, and private credit investments.

Northern Trust will deliver fund administration, global custody, depositary, transfer agency, and outsourced trading services for Gravis' five OEICs. The partnership aims to streamline operations and enhance efficiency for Gravis' specialized investment approach in sectors like renewable energy, logistics, and data centers.

Northern Trust (Nasdaq: NTRS) has secured a significant middle office outsourcing mandate from Aristotle Capital Management. The partnership covers portfolios representing approximately $40 billion in assets under management as of June 30, 2025.

Through its Investment Operations Outsourcing (IOO) platform, Northern Trust will provide integrated middle office services to Aristotle's equity affiliates. Northern Trust's IOO capability currently supports over 85 clients with $2.63 trillion in assets under administration, offering services including data aggregation, risk analysis, performance measurement, asset valuation, and client reporting.