Northern Trust Stock Price, News & Analysis

Northern Trust has highlighted an inspiring conversation between Steph Wagner and Erin Lydon, President of Poker Power, emphasizing how poker can empower women by teaching essential skills such as negotiation and decision-making. Through an innovative curriculum, Poker Power reaches women of all ages, aiming to enhance their confidence in financial matters. The initiative has expanded significantly since its inception, now engaging 30,000 women and operating in 40 countries. Furthermore, it recently partnered with Global Give Back to teach 5,000 girls in Kenya how to play poker, aiming to improve their life skills and opportunities.

Northern Trust has appointed Carlos J. Arrizurieta as President of the Northeast Region, overseeing Wealth Advisory teams in the New York City, Greenwich, and Boston markets. With over 37 years of financial experience, Arrizurieta previously served as Senior Vice President in Miami, focusing on ultra high-net-worth clients. Under his leadership, Northern Trust aims to enhance client service and grow its presence in the Northeast. The firm manages assets totaling $351.4 billion as of December 31, 2022. His extensive background includes roles at Wells Fargo, Deutsche Bank, and Citi Private Bank.

Northern Trust has appointed Nikè Anani as the Director of Next Gen Advisory for Wealth Management, a newly established role aimed at enhancing client service for the younger generation managing wealth transitions.

Anani, previously the founder and CEO of a consulting service focused on Next Gen services, brings extensive leadership experience in wealth transfer strategies. With estimates of a projected $80 trillion in wealth transfer over the next 20 years, her role is crucial for addressing clients' needs during this significant transition.

Northern Trust currently manages $351.4 billion in assets as of December 31, 2022.

Northern Trust (NASDAQ: NTRS) announced that Daniel Gamba will be the new President of Asset Management effective April 3. Gamba joins from BlackRock, where he spent 22 years in various leadership roles, including co-head of Fundamental Equities. He has extensive experience in investment management, focusing on driving growth and change. CEO Michael O’Grady expressed confidence in Gamba's ability to lead the firm towards continued growth in investment solutions. Northern Trust manages assets of US$1.2 trillion and has US$13.6 trillion in assets under custody/administration.

Northern Trust (Nasdaq: NTRS) announced its selection by the Illinois Firefighters’ Pension Investment Fund (FPIF) to provide custody services for approximately $8 billion in assets. This transition involves consolidating assets from around 300 firefighter pension funds in suburban Chicago and downstate Illinois. Over a 10-month period, Northern Trust executed the transition of assets from 36 custodians, ensuring adherence to FPIF's timeline. The partnership aims to enhance financial security for firefighters, as emphasized by both Northern Trust and FPIF's leadership. Northern Trust has a long-standing reputation in wealth and asset management since its founding in 1889.

Northern Trust Asset Management (NTAM) has launched the World Natural Capital Paris-Aligned Index strategy, targeting institutional investors. This strategy incorporates climate and natural capital considerations, aligning with the 1.5°C decarbonization pathway. It screens companies linked to ecosystem loss and water pollution, focusing on UN SDGs 14 and 15. NTAM, managing over US$1 trillion in assets as of December 31, 2022, aims to meet the increasing demand for sustainable investment solutions in EMEA and APAC. The strategy is based on extensive experience in socially responsible strategies, promoting a transition to a climate-resilient economy.

Global markets ended Q4 2022 positively, with institutional asset owners seeing a median return of 4.9%. Despite a -12.7% one-year median return, optimism over slowing inflation and monetary policy tightening drove gains. The Northern Trust Universe tracked 368 U.S. institutional plans with assets exceeding $1.17 trillion. The U.S. Equity Program saw an 8.1% median gain, while the S&P 500 rose 7.6%. Fixed income dominated ERISA plans at 51.3%. In contrast, Public Funds had a 5.1% median, with noticeable increases in equity allocations. Northern Trust's assets under custody reached $13.6 trillion.

The Northern Trust Canada Universe reported a 2.8% return for Canadian pension plans in the fourth quarter of 2022, but a -12.8% decline for the year due to market volatility, inflation, and geopolitical uncertainties. The S&P TSX index showed a -5.8% decline for the year, although it fared better than global benchmarks. Despite challenges, pension plan funding levels improved due to rising interest rates. The Canadian economy added 222,000 jobs, lowering the unemployment rate to 5%. Northern Trust remains a key player in wealth management and asset servicing, with assets under management of US$1.2 trillion.