Northern Trust Stock Price, News & Analysis

Northern Trust has introduced an AI-powered solution developed in collaboration with Microsoft Azure to digitize and automate the extraction of unstructured investment data from alternative asset documents. This new technology aims to enhance data accessibility for asset owners, facilitating improved performance, liquidity, and risk analytics. The solution processes over 1.5 million alternative asset documents annually and is part of Northern Trust's broader initiative to optimize alternative asset servicing through advanced technologies, including blockchain and machine learning.

50 South Capital Advisors has appointed Kodee Furst as Director in its private equity group, enhancing their capacities in North Dakota's private capital ecosystem. Furst will focus on sourcing, evaluating, and executing investments while participating in fundraising and portfolio management. Her extensive experience with entrepreneurs and in the oil and gas industry positions her well for this role. Notably, Northern Trust, a significant player in financial services, wholly owns 50 South Capital. This move is aimed at identifying promising private capital opportunities.

Northern Trust's Capital Market Assumptions Report projects a global economic growth of 2.9% over the next five years, with annualized inflation expected at 1.7%. The firm anticipates low interest rates leading to modest returns, forecasting a 4.6% annualized return for global equities, reflecting a 0.3 percentage-point decrease from the previous year. Key insights suggest a reversion to mediocrity in growth and persistent 'stuckflation' as inflation remains below central bank targets. The report indicates that technology will continue to influence inflationary pressures, and central banks will maintain accommodative policies.

Northern Trust has appointed Rick Fernandez as president of the Washington, D.C. market and a member of the Mid-Atlantic Region Leadership Team. With 19 years at Northern Trust, he will oversee wealth management operations in Washington, Virginia, and Maryland, focusing on delivering holistic advice and superior client service. His experience includes working with high-net-worth families and closely-held businesses. Northern Trust ranks among the top 10 U.S. wealth managers, boasting $371.1 billion in assets under management as of June 30, 2021.

Northern Trust (Nasdaq: NTRS) has appointed Leon Stavrou as the head of its business in Australia and New Zealand, effective October 1, 2021. Stavrou, who has over 20 years of experience in the asset servicing sector, previously managed operations in Australia and the Asia Pacific region. He succeeds Angelo Calvitto, who now leads Northern Trust in Asia Pacific. The company, the second largest custodian in the Australian market, has over 200 employees in Sydney and Melbourne, providing tailored asset servicing solutions to institutional clients.

Northern Trust has appointed Adam Kerbis as a Senior Vice President and Banking Relationship Advisor in its Commercial Banking team based in Chicago. Kerbis, with over 10 years of commercial banking experience, will focus on expanding the family-owned beverage client base by customizing financial solutions. He previously served as a vice president at Wells Fargo Bank. Northern Trust is recognized as a top wealth manager, with $371.1 billion in assets under management as of June 30, 2021.

Northern Trust announced that Wealth Management President Steve Fradkin and CFO Jason J. Tyler will present at the Barclays Global Financial Services Conference on September 14, 2021, at 11:00 a.m. (CT). The presentation will be available via Northern Trust's website. A replay will be accessible for about four weeks post-event. As of June 30, 2021, Northern Trust manages assets worth US$1.5 trillion and has US$15.7 trillion in assets under custody.

Wellteq Digital Health has signed a 5-year Master Services Agreement with Northern Trust Corporation to provide wellness solutions. This partnership aims to enhance employee health and reduce costs related to absenteeism and healthcare. Wellteq's platform, which includes personalized wellness and digital coaching, will initially support Northern Trust's Asia Pacific teams in Q3 2021. The wellness industry is projected to exceed US $90 billion annually by 2026, highlighting the growing demand for health services in the workplace.

U.S. institutional plan sponsors achieved notable investment gains in Q2 2021, largely driven by strong equity market performance amid rising Covid-19 vaccination rates. The median return in the Northern Trust Universe was 6.0%, marking the fifth-best quarterly performance in a decade. Corporate ERISA plans led with a 6.2% return, while Public Funds lagged at 5.6%. Key drivers included federal infrastructure spending proposals and robust technology sector returns. The U.S. equity allocation for ERISA plans stood at 24.1%, with fixed income at 42.9%.