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 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.
On June 27, 2024, Northern Trust celebrated Reserves Day on June 26th and Armed Forces Day on June 29th. The company's Military Appreciation and Assistance Business Resource Council (MAARC) collaborated with the Women in Leadership Business Resource Council at their London office. The event featured former British Army personnel Jeannie Saville and Bridget Forster, who shared their military experiences and career insights. David Brooks MBCI, MAARC Co-Chair, led the discussion, highlighting the challenges and successes of female military leaders. Northern Trust, a gold award signatory of the Armed Forces Covenant, has been recognized as a top 50 employer of veterans in the UK.
Northern Trust (Nasdaq: NTRS) has been chosen by Canada Life Asset Management (CLAM) to provide comprehensive asset servicing solutions, which include middle office outsourcing, global custody, securities lending, fund administration, and depositary services. This partnership consolidates all middle office solutions under Northern Trust and includes investment book of record and data solutions.
Headquartered in London, CLAM manages over £39.6 billion across various asset classes like fixed income, equities, UK property, and multi-asset solutions. This move aims to enhance operating model efficiency and data quality, aligning with institutional asset managers' and owners' needs for simplified yet complex management models.
Mark Giancola, COO of CLAM, expressed confidence in Northern Trust's ability to support their diverse investments and deliver high-quality data. Laurence Everitt, Northern Trust's Head of Global Fund Services, UK, highlighted their investment in technology and global operating model as key factors in meeting CLAM’s requirements.
Northern Trust has announced that its Hedge Fund Services team recently collaborated with MAARC and ExodusPoint Capital Management for a global exercise event to support military service members, veterans, and first responders. Initiated in 2011, the Military Appreciation & Assistance Resource Council (MAARC) has expanded internationally, engaging partners to ensure support for military families. The event took place in key locations including New York, Chicago, Bangalore, and Tempe, highlighting the company's commitment to community service and military appreciation.
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.