Northern Trust Stock Price, News & Analysis

Northern Trust Corporation will host a second quarter 2021 earnings conference call on July 21, 2021, at 9:00 a.m. CT. This event follows the release of their earnings press release on the same day. Investors can access the webcast along with related materials via Northern Trust's website.

As of March 31, 2021, Northern Trust had assets under custody/administration totaling US$14.8 trillion and US$1.4 trillion in assets under management. Founded in 1889, the firm offers wealth management, asset servicing, and banking to various clientele globally.

Northern Trust appointed Thomas F. Dempsey as Managing Director, focusing on enhancing relationships in the private equity and hedge fund sectors, and with ultra-high net worth families. His role emphasizes connecting firms with Northern Trust's comprehensive investment management resources. Dempsey's experience includes positions at Corsair Capital, Fulcrum Asset Management, and Goldman Sachs. Northern Trust, recognized as a top wealth manager with $355.4 billion in assets under management as of March 31, 2021, aims to strengthen its advisory capabilities with Dempsey's leadership.

Northern Trust Corporation announced that Chairman and CEO, Michael G. O’Grady, and CFO, Jason J. Tyler, will present at the Morgan Stanley U.S. Financials Conference on June 16, 2021, at 11:00 a.m. ET. The presentation will be available via Northern Trust's website. A replay will be accessible for four weeks post-event. Northern Trust, trading under NTRS, has assets under custody of US$14.8 trillion and assets under management of US$1.4 trillion as of March 31, 2021.

Northern Trust has launched the enhanced Rec Dashboard, a workflow tool designed to improve real-time visibility into trade breaks and reconciliations. This upgrade facilitates better communication between asset managers and fund administration teams while providing data visualization capabilities within the Omnium platform. Clients can expect increased productivity and a more intuitive user experience. Northern Trust, a leader in asset servicing, offers comprehensive solutions for alternative fund managers, managing $14.8 trillion in assets under custody as of March 31, 2021.

Northern Trust has appointed Arthur Hill as Senior Vice President and Head of Product Management for Asset Servicing, based in Chicago. Hill will oversee product strategy and development while leading a global team. He joins from Capgemini, bringing over 25 years of experience in financial services and insurance, focusing on transformation and technology initiatives. Hill has previously managed significant projects across the U.S. and UK and holds an MBA from the University of Chicago.

The asset servicing division caters to institutional investors worldwide, managing diverse asset classes totaling US$14.8 trillion in custody/administration.

Northern Trust Corporation (Nasdaq: NTRS) has finalized its acquisition of Parilux Investment Technology, LLC, initially invested in 2018, bolstering its Front Office Solutions business. This strategic move enhances Northern Trust’s data management capabilities for institutional investors managing complex portfolios. The integration of Parilux's technology with Northern Trust's proprietary systems aims to empower investment teams through improved analytics and data management. This acquisition reflects the growing demand for high-quality data and innovative technology in asset management.

Northern Trust Asset Management has appointed Julie Moret as the global head of sustainable investing and stewardship. In this new position, she will enhance the firm’s sustainable investment strategies and global engagement policies. Moret brings over a decade of experience in integrating ESG factors into investment frameworks, previously serving at Franklin Templeton. President Shundrawn Thomas expressed confidence that Moret’s expertise will strengthen NTAM’s leadership in sustainability, especially as demand for ESG strategies grows among investors.

Northern Trust has introduced the Omnium Event Manager, a web-based tool aimed at asset managers and owners for better management of corporate actions and dividend events. This platform streamlines workflows by replacing manual processes, thus reducing risks and time involved in managing complex portfolios. Key features include an interactive dashboard, automated alerts, and enhanced communication with counterparties. The platform builds on Northern Trust's existing Omnium services, reinforcing its position in asset servicing with over $14.8 trillion in assets under custody and $1.4 trillion in assets under management.