Northern Trust Stock Price, News & Analysis

Northern Trust has partnered with Finscape to enhance data transparency for asset managers by providing a comprehensive view of fund distribution activities. This collaboration will assist clients in conducting forensic analyses and maintaining regulatory compliance, particularly regarding the identification of end investors. The innovative solution utilizes advanced technology to streamline market intelligence and reduce operational complexities. The service helps clients comply with mandates like MIFID II, thereby ensuring they understand their investor bases.

The Siemens Foundation and Northern Trust have committed $10 million to PeopleFund and Disability Opportunity Fund (DOF) to support economic revitalization for Veterans and disabled individuals in the U.S. This second round of investment increases Northern Trust's total commitment to $20 million in Community Development Financial Institutions (CDFIs) in just over a year. The funds will aid in establishing the Veteran Loan Fund, designed to assist veteran entrepreneurs by providing them with access to capital and technical support in underserved communities.

Northern Trust Asset Management has appointed Scott Bennett as head of quantitative investment solutions for the Asia-Pacific region, operating from Melbourne and Hong Kong. This new team of quantitative specialists aims to enhance the firm’s capabilities in quantitative and ESG solutions, responding to growing client demand. Bennett's experience includes significant roles at Northern Trust since 2018 and Russell Investments prior. Northern Trust manages US$1.3 trillion in investor assets, focusing on innovative, outcome-oriented strategies.

Northern Trust Corporation announced that CFO Jason Tyler and President of Corporate & Institutional Services Pete Cherecwich will present at the RBC Capital Markets Global Financial Institutions Conference on March 9, 2022, at 1:00 p.m. CT. The event will be available via live webcast and can be accessed on Northern Trust's website. A replay will be available for about four weeks post-event. As of December 31, 2021, Northern Trust had assets under custody/administration of US$16.2 trillion and US$1.6 trillion under management.

Northern Trust (Nasdaq: NTRS) has formed a partnership with 5th Century Partners (5CP), a Chicago-based private investment firm, to offer fund administration and related services. This collaboration will support the launch of 5CP’s debut fund, which secured $144 million in capital commitments. The partnership aims to leverage diversity as a tool for financial success and social impact. Northern Trust will provide comprehensive banking and investor services, enhancing access to investment opportunities for diverse managers and stakeholders.

Northern Trust (Nasdaq: NTRS) has supported AMF Tjänstepension AB in its transition to an occupational pension provider in Sweden under the IORP II Directive. This directive enhances governance and communication standards for pension schemes, requiring significant changes in business models. Christoffer Axelsson of AMF highlighted the partnership with Northern Trust, which has provided crucial expertise during this transformation. Northern Trust serves over 330 clients with $2.54 trillion in assets under custody across EMEA and has been a partner to AMF since 2003.

Northern Trust has announced its second-annual Wealth Planning Symposium, scheduled for April 28 from 9:50 a.m. to 4:30 p.m. CT. The virtual event will feature over 30 experts discussing strategies for wealth management, focusing on themes from the Wealth Planning Outlook 2022. Keynote speaker Adam Grant will address questioning old assumptions in a changing world. Topics include ethical wealth planning, modern philanthropy, and the impact of cryptocurrency. The event also offers up to six continuing education credits for qualified professionals.

The U.S. markets closed Q4 2021 at record highs, led by the Dow Jones Industrial Average at 36,338, marking a 7.2% gain for the quarter and 20.9% for the year. The Northern Trust Universe reported a median return of 3.5% for institutional asset owners, tracking 380 plans with over $1.4 trillion in assets. The Northern Trust corporate universe showed a 2.9% return while public funds and foundations achieved 3.8% and 3.2%, respectively. Investors favored large-cap stocks, with the Russell 1000 Growth index gaining 11.6%. Northern Trust has $16.2 trillion in assets under custody.