Northern Trust Stock Price, News & Analysis

Northern Trust (NASDAQ: NTRS) has announced the formation of a new Capital Markets Client Solutions team to enhance service offerings for asset managers and asset owners. The team, consisting of over 500 specialists, will provide integrated solutions across equities, fixed income, and derivatives. Key appointments include Glenn Poulter as global head of Integrated Trading Solutions and Gerard Walsh as global head of client solutions for Capital Markets. This strategic move is aimed at addressing rising industry demand for comprehensive transaction solutions amidst evolving economic and regulatory challenges.

Northern Trust Corporation announced participation in the Barclays Global Financial Services Conference on September 12, 2022, at 11:15 a.m. (ET). CFO Jason Tyler and Wealth Management President David W. Fox, Jr. will represent the firm. A live webcast will be available on Northern Trust's website in the investor relations section, with a replay accessible for four weeks post-event.

As of June 30, 2022, Northern Trust managed assets of US$1.3 trillion and had US$13.7 trillion under custody/administration.

Northern Trust has appointed Philip J. Hayes as the West Region Wealth Advisor at the San Francisco office. His role involves delivering technical advice and exceptional service for ultra-high net worth clients, focusing on complex estate and gifting strategies. With a background as Managing Director at Bessemer Trust and Deputy Trust Head at First Republic Trust Company, Hayes brings extensive experience in Trust and Estate Planning. Northern Trust ranks among the top 10 U.S. wealth managers with $352.8 billion in assets under management as of June 30, 2022.

Northern Trust has appointed Jim Ward as Senior Investment Officer and Senior Vice President in the Western Michigan Office. With over 35 years of investment experience, he previously served at Fifth Third Bank as Director of Regional Portfolio Management. Ward's leadership aims to enhance Goals Driven advice to high net worth clients and institutions. Northern Trust, ranked among the top 10 U.S. wealth managers, manages $352.8 billion in assets as of June 30, 2022.

Northern Trust (NASDAQ: NTRS) is enhancing its philanthropic efforts in Malaysia by supporting Teach For Malaysia, a nonprofit promoting educational excellence in underserved communities. The company has committed over $160 million globally to various nonprofits. Shana Hayes, head of corporate philanthropy, emphasized the importance of educational equity for professional success. Established in 2009, Northern Trust has cultivated strong client relationships in the Asia Pacific region while maintaining a robust global presence with $13.7 trillion in assets under custody.

Northern Trust has appointed Benjamin Bobroff as the new global head of its Digital Solutions Consulting team, enhancing its focus on digital innovation. Bobroff, previously a senior consultant at Northern Trust, will lead a team which includes Pamela Clifford, Donald Marden, and Laura Ghaemian. This strategic move aims to provide consultative support to asset owners and managers to utilize technology effectively. As of June 30, 2022, Northern Trust reported assets under custody of US$13.7 trillion and US$1.3 trillion under management.

Northern Trust has appointed Jose M. Perez as Senior Lending Officer for the South Florida Market, overseeing a diverse loan and deposit portfolio. Perez brings over 25 years of banking experience, previously serving at Wells Fargo as Senior Loan Team Manager. His appointment reflects Northern Trust's commitment to providing exceptional services to affluent families and institutions. The company, recognized as a top 10 U.S. wealth manager, manages $352.8 billion in assets as of June 30, 2022, demonstrating significant industry prowess.

Global markets faced significant challenges in Q2 2022 with a median return of -9.1% for institutional investors, marking the worst quarter since Q1 2020. Northern Trust's asset servicing services reported a median return of -10.9% for Corporate plans and -7.9% for Public Funds. The ongoing geopolitical issues, including the war in Ukraine and rising inflation, have exacerbated market conditions. As of June 30, 2022, Northern Trust managed assets totaling $1.3 trillion, underscoring the pressures faced by institutional investors amid higher interest rates.