Northern Trust Corporation reports developments across wealth management, asset servicing, asset management and banking for institutions, corporations, affluent families and individuals. News about Northern Trust commonly covers client mandates for global custody, securities lending, fund administration, depositary services, investment operations outsourcing and accounting services, including work with public retirement systems and ETF platforms.
Recurring updates also include Northern Trust Universe performance data for pension and institutional investment plans, wealth management leadership and Global Family Office activity, quarterly financial results, common and preferred stock dividends, and technology collaborations that support investment operations workflows and reporting.
Northern Trust (Nasdaq: NTRS) approved a new authorization to repurchase up to $3.5 billion of its common stock. It takes effect upon completion of the existing $2.5 billion authorization approved in July 2025.
The company also declared dividends payable January 1, 2027: $0.88 per common share and $293.75 per Series E preferred share, equivalent to $0.29375 per depository share.
Northern Trust (Nasdaq: NTRS) appointed Rima Qureshi, formerly Verizon Communications’ chief strategy officer, to its board of directors, effective immediately. Qureshi brings nearly four decades of experience across telecommunications and payments companies and more than 15 years of public company board experience. She currently serves on the boards of BT Group, Loblaw Companies and Swift.
Northern Trust (NTRS) has appointed Beth Emswiler and Andrew Borner as Senior Managing Directors in its Wealth Management Northeast Region. Emswiler is based in New York, and Borner is based in Greenwich, Connecticut.
Emswiler joins from Citi Private Bank, where she headed investments for Metro New York. Borner most recently served as BNY’s market president for Connecticut and Long Island. The appointments follow the expansion of Northern Trust’s Family Office Solutions team in New York and the addition of Senior Relationship Managers Gloria Fieldcamp and James Le Rose.
Northern Trust (NTRS) announced Chief Financial Officer Dave Fox’s planned retirement, with a transition extending into 2027. Fox intends to remain in his role through the end of the first quarter of 2027. The company plans an internal and external search for his successor and expects Fox to continue leading Finance during the transition, working with CEO Michael O’Grady and the leadership team.
Northern Trust (NTRS) announced Chief Financial Officer Dave Fox’s retirement, with Fox intending to remain through the first quarter of 2027.
The company plans an internal and external search for his successor. During the transition, Fox is expected to continue leading Finance and working with chairman and chief executive officer Michael O’Grady and the leadership team to support continuity across financial, regulatory, investor and strategic priorities.
Northern Trust (NTRS) plans to convert six mutual funds managed by its asset management business into ETFs in the first quarter of 2027.
The fund board has approved the conversions. Fund assets as of June 30, 2026, and planned ETF pairings are Northern Stock Index Fund (NOSIX; $19.3B) to Northern Trust MSCI US 500 ETF (NTLC); Northern International Equity Index Fund (NOINX; $6.7B) to Northern Trust MSCI EAFE ETF (NEFA); and Northern Tax-Advantaged Ultra-Short Fixed Income Fund (NTAUX; $2.8B) to Northern Trust Tax-Advantaged Ultra-Short Income ETF (TAXU).
Northern Mid Cap Index Fund (NOMIX; $2.3B) is slated to become Northern Trust MSCI US 400 ETF (NTMC); Northern Small Cap Index Fund (NSIDX; $1.6B), Northern Trust MSCI US 2000 ETF (NTSC); and Northern Income Equity Fund (NOIEX; $316M), Northern Trust Equity Income ETF (QDFI). The company expects greater tax efficiency, trading flexibility and portfolio transparency from the ETF structure.
Northern Trust Wealth Management (NTRS) added Robert Ludricks III and Olof Akesson to its New York Family Office Solutions team.
Ludricks joins as Managing Director, Northeast Region, and Akesson as Investment Director. The team serves ultra-high-net-worth families with services that include investment strategy, fiduciary oversight and consolidated reporting. Northern Trust Wealth Management had US$534 billion in assets under management as of June 30, 2026.
Northern Trust (NTRS) will webcast its third-quarter 2026 earnings conference call live on Wednesday, October 21, 2026.
The call will begin at 8:00 a.m. CT, after the earnings release that morning. The webcast, earnings release and related presentation materials will be accessible on Northern Trust’s website. A replay will be available for approximately four weeks after the call.
Northern Trust Asset Management (NTRS, TXNY, TXCA) has launched two municipal bond ETFs, the Northern Trust New York Intermediate Tax-Exempt Bond ETF (TXNY) and the Northern Trust California Intermediate Tax-Exempt Bond ETF (TXCA). The funds provide exposure to high-quality, intermediate-duration municipal bonds issued in New York and California, with income exempt from federal income tax and from income tax in the applicable state. Managed by a municipal bond team with more than 30 years of experience, the launch expands Northern Trust’s tax-exempt ETF range, which already includes TAXT, TAXI and TAXS with more than US$370 million in assets as of August 31, 2026. Northern Trust Asset Management reports US$1.6 trillion in assets under management and US$27 billion in ETF assets as of June 30, 2026.
Northern Trust (NTRS) has raised its prime lending rate from 6.75% to 7.00%, effective Thursday, September 17, 2026.
The change was announced from Chicago and represents a 0.25 percentage point increase in the bank's stated prime rate for applicable borrowers.