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 has appointed Stephanie H. Giroux as Senior Portfolio Advisor for the Greater New York market. With over 30 years in investment and wealth management, she joins from BNY Mellon Wealth Management, where she led local growth. Giroux's experience includes roles at Wells Fargo and Citi Private Bank. This leadership change aims to enhance personalized investment strategies for wealth management clients. Northern Trust, recognized for its service excellence, manages $352.8 billion in assets as of June 30, 2022.
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Northern Trust has appointed Michael Buzza as the new global head of Network Management & Market Strategy. Buzza, who has 16 years of experience at the company, previously led EMEA Market Advocacy and Innovation Research. His new role will involve overseeing market access and insights in traditional securities services, alongside developing capabilities in digital assets. Justin Chapman, head of Digital Assets and Financial Markets, emphasized that Buzza's expertise will enhance both traditional and digital market strategies.
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Northern Trust Corporation (NASDAQ: NTRS) will host a live webcast of its third quarter 2022 earnings conference call on October 19, 2022, at 9:00 a.m. (CT). The earnings press release and related materials will be available on Northern Trust’s website.
The webcast replay will be accessible for four weeks post-event.
Northern Trust has appointed Michael Cklamovski as Senior Managing Director and President of the Northern California region, based in San Francisco. Cklamovski will lead the Wealth Management business in the Bay Area, focusing on enhancing client experience. With a background as West Region Market Executive at CIBC Private Bank, he brings extensive experience in private banking. Northern Trust ranks among the top 10 U.S. wealth managers, managing $352.8 billion in assets as of June 30, 2022.
Northern Trust has appointed Curtiss Smith as the new President of the Phoenix Region. In this role, Smith will enhance client service and drive growth in Northern Trust Wealth Management. Previously, he served as Senior Banking Director in Arizona, Nevada, and Colorado. Smith, the first native Phoenician to lead this office, has extensive market knowledge and leadership experience. Under his guidance, the firm aims to continue its excellence in serving high net worth families and business owners in the region.
Northern Trust's Capital Market Assumptions (CMA) Report predicts global private equity will yield a leading 9.6% in annualized returns over five years, with U.K. and global high yield equities trailing closely at 7.5% each. However, the global growth environment is expected to slow to 2.6% per year. The report highlights six themes affecting investment returns, including Slow Growth Transitions and Inflation Recalibration. It forecasts modest returns below long-term averages, driven largely by challenges in developed markets.
Northern Trust (NASDAQ: NTRS) has announced the formation of a new Capital Markets Client Solutions team to enhance service offerings for asset managers and asset owners. The team, consisting of over 500 specialists, will provide integrated solutions across equities, fixed income, and derivatives. Key appointments include Glenn Poulter as global head of Integrated Trading Solutions and Gerard Walsh as global head of client solutions for Capital Markets. This strategic move is aimed at addressing rising industry demand for comprehensive transaction solutions amidst evolving economic and regulatory challenges.
Northern Trust Corporation announced participation in the Barclays Global Financial Services Conference on September 12, 2022, at 11:15 a.m. (ET). CFO Jason Tyler and Wealth Management President David W. Fox, Jr. will represent the firm. A live webcast will be available on Northern Trust's website in the investor relations section, with a replay accessible for four weeks post-event.
As of June 30, 2022, Northern Trust managed assets of US$1.3 trillion and had US$13.7 trillion under custody/administration.