Northern Trust Stock Price, News & Analysis

Northern Trust Front Office Solutions has launched Operational Risk Consulting, a tailored management consulting service focusing on investment operations. This initiative aims to enhance operating models and drive efficiency for investment organizations, responding to the evolving needs of key stakeholders. Vincent Molino leads this service, offering expertise in areas such as technology evaluations, vendor assessments, and operational process analysis. Northern Trust has a robust history in asset management, holding US$14.5 trillion in assets under custody and US$1.4 trillion under management as of December 31, 2020.

Northern Trust Asset Management (NTAM) is enhancing its Minority Brokerage Program by increasing its trade execution commitment from 10% to 15% of equity security trading commissions starting March 2021. This program, initiated in 2007, aims to promote diversity, equity, and inclusion within the investment industry by supporting broker-dealers owned by minorities, women, veterans, or individuals with disabilities. The initiative aligns with growing investor interest in diversity-focused asset managers and builds on NTAM's decade-long partnerships with diverse organizations.

Northern Trust has appointed Kelley Conway as the new Head of Corporate and Digital Strategy, bringing over 20 years of consulting experience.

Conway's background includes roles at Accenture and PwC, focusing on financial services technology.

CEO Michael O’Grady emphasized that Conway will lead strategic planning and executing their digital strategy to improve client experiences and ensure security and scalability.

Northern Trust, listed as NTRS, boasts $14.5 trillion in assets under custody and $1.4 trillion in assets under management as of December 31, 2020.

Northern Trust (Nasdaq: NTRS) has partnered with CAI's Autism2Work (A2W) program to enhance neurodiversity inclusion by providing employment opportunities for individuals with Autism Spectrum Disorder (ASD) in technical areas. The program highlights that individuals with ASD can increase productivity by up to 60% and taps into a significant pool of talent, with 1.1 million Americans with autism expected to enter the job market in the next decade. Northern Trust aims to foster a culture of inclusion as part of its commitment to diversity and equity.

Northern Trust (Nasdaq: NTRS) has initiated a strategic collaboration with Two Sigma to provide the Venn investment analytics platform to its clients. This integration aims to enhance portfolio insights and analytics for asset allocators, facilitating better investment decisions. The partnership allows seamless access to advanced portfolio analytics tools and integrates data flows through APIs with Northern Trust’s existing services. This relationship aims to boost operational efficiency and provide value in optimizing investment processes.

Northern Trust Corporation will host a live webcast of its first quarter 2021 earnings conference call on April 20, 2021, at 8:00 a.m. CT. The call follows the release of the earnings press release on the same day, which will be accessible on Northern Trust’s website. The company, known for its wealth and asset management services, reported assets under custody/administration of US$14.5 trillion and assets under management of US$1.4 trillion as of December 31, 2020.

Northern Trust announced key leadership changes aimed at adapting to client needs. Effective March 1, John Fumagalli will become President of the Central Region, succeeding retiring Mac MacLellan. Charlie Mueller will also retire on the same date. New appointments include Pam Lucina and Glenda Pedroso, who will report directly to Wealth Management President Steven L. Fradkin, along with the promotion of Stephanie Goforth to Executive Vice President and Global Head of Sales & Marketing. Lucino Sotelo is named Chief Digital Officer, focusing on digital innovation.

Northern Trust Corporation announced that its Chief Financial Officer, Jason J. Tyler, will present at the RBC Capital Markets Global Financials Conference on March 10, 2021, at 2:40 p.m. ET. The presentation will be available via a live audio webcast on Northern Trust's website. A replay will be accessible for approximately four weeks following the event. Northern Trust, with $14.5 trillion in assets under custody and $1.4 trillion under management, has been a leader in wealth management since 1889.

Northern Trust (Nasdaq: NTRS) is witnessing a surge in demand for its Foreign Exchange (FX) currency management services, driven by recent mandates from clients such as Blackwall Capital Investment AG, Kieger AG, and TT International Asset Management Limited. The company offers comprehensive currency management solutions designed to address market volatility and operational complexities, enhanced by machine learning models for risk reduction. As of December 31, 2020, Northern Trust managed US$1.4 trillion in assets, reflecting its strong market position and commitment to client service.