Northern Trust Stock Price, News & Analysis

Northern Trust (Nasdaq: NTRS) released the results of its inaugural Business Owner Benchmark, surveying over 100 business owners in Q1 2021. Key findings revealed that 45% of owners considered relocating to minimize tax impacts, with 59% citing tax concerns as a significant reason for transition. Additionally, 70% have succession plans, but half express worries about future leadership capabilities and familial conflict. The survey underscores the importance of formal employment policies for family members and suggests that effective boards contribute to business growth.

Northern Trust's defined contribution (DC) global assets under custody surpassed $1 trillion, driven by new business from corporate and public retirement plans. As of March 31, 2021, the firm manages over $1.4 trillion in DC assets across more than 140 global clients, including significant U.S. plans. The company emphasizes its commitment to navigating the complexities of the evolving retirement landscape, aided by customized solutions and industry leadership. Northern Trust continues to enhance its services for DC plans, reflecting its long-standing position in the retirement sector.

Northern Trust has appointed Carlos J. Arrizurieta as Senior Managing Director in Miami, leading a team dedicated to serving ultra-high net worth clients in South Florida. With over 35 years in finance, he previously held senior roles at Wells Fargo, Deutsche Bank, and Citi. Arrizurieta aims to enhance the company's wealth management capabilities. Northern Trust is a major wealth management provider with $355.4 billion in assets under management as of March 31, 2021, and holds a strong reputation in financial services.

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.