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.
Northern Trust Corporation announced that CFO Jason Tyler will speak at the RBC 2023 Capital Markets Global Financial Institutions Conference on March 7, 2023, at 1:20 p.m. ET in New York City. A live webcast will be available on Northern Trust's investor relations website, and a replay will be accessible for four weeks post-event. Founded in 1889, Northern Trust provides wealth management, asset servicing, and banking services globally, with assets under custody/administration totaling US$13.6 trillion and assets under management of US$1.2 trillion as of December 31, 2022.
Northern Trust has appointed Gregory Irizarry as Senior Managing Director in the Miami office, where he will oversee a team dedicated to ultra-high net worth individuals and families in South Florida. Irizarry brings 22 years of experience at Northern Trust, having previously served as Senior Wealth Strategist. He holds several financial licenses and graduated from Fairleigh Dickson University. With $351.4 billion in assets under management, Northern Trust is recognized for its innovative wealth management services and has a global presence.
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.
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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.