Northern Trust Stock Price, News & Analysis

Northern Trust has appointed Tami Conetta as Head of Sales and Marketing for the Wealth Management business in the East Region, succeeding Stephanie Goforth, who is now the Global Head of Sales and Marketing for Wealth Management. Conetta, with over a decade of experience at Northern Trust, previously served as Chief Fiduciary Officer overseeing approximately $70 billion in assets under management (AUM). Her extensive background in wealth management positions her to lead business development in the Eastern U.S. effectively.

Northern Trust Wealth Management has announced leadership changes effective March 1, enhancing its operations in Florida. Alexander Adams is appointed President of the South Florida Region, while Thomas Oliveri becomes President of West Florida, overseeing offices from Tampa to Naples. Eric Vainder steps into the role of Senior Market Executive for Broward County. These promotions emphasize the firm's commitment to providing superior wealth management services to high-net-worth clients across the region, with a strong focus on expertise and strategic growth.

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.