Welcome to our dedicated page for Northern Trust news (Ticker: NTRS), a resource for investors and traders seeking the latest updates and insights on Northern Trust stock.
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, a leading global asset manager, projects strong earnings growth and stable interest rates facilitating sustainable economic growth in 2022. The firm emphasizes an overweight position in risk assets, including developed market equities, high yield bonds, and natural resources, suggesting equity returns will be comparable across major regions. Expected returns are 11% for Japan, 9% for the US and emerging markets, and 8% for Europe. High yield bonds are notably favored, expected to return 9% in 2022, outperforming investment grade bonds and cash.
Northern Trust Wealth Management has appointed John Donahoo as Senior Managing Director for the Northeast Florida market. With over 25 years of experience, Donahoo will guide a team focused on serving high net worth families, endowments, and foundations. This region is vital for Northern Trust, which has operated in Florida for 50 years. Prior to this role, Donahoo worked at Wells Fargo and U.S. Trust/Bank of America. Northern Trust manages $372.9 billion in assets as of September 30, 2021.
Northern Trust has enhanced its ESG investment analytics with the launch of the Climate Focus Report, providing institutional investors access to vital climate risk metrics. This report integrates various carbon metrics and aligns with the Task Force on Climate-related Financial Disclosures (TCFD) recommendations. The service aims to help clients meet oversight and disclosure obligations, particularly for pension funds assessing climate risks. Northern Trust manages over US$9 trillion in assets, reinforcing its industry position.
Northern Trust (NASDAQ: NTRS) has been appointed as the fund administrator and global custodian for BlueBox Asset Management's Global Technology Fund, which has surpassed US$1 billion in assets under management. This fund, established in 2017, focuses on technology investments, including semi-conductors and software. Northern Trust will provide an integrated solution to enhance BlueBox's growth strategy. Both firms view this partnership as a strategic move to maximize efficient service delivery and optimize investor returns.
Northern Trust (Nasdaq: NTRS) has been appointed by Omba Investments Irish Collective Asset-management Vehicle (ICAV) to deliver global custody and depositary services for a new US$100 million UCITS umbrella fund. This fund will initially launch two funds: the Omba Global Thematic Fund and the Omba Global Equity Fund. Following Central Bank of Ireland approval, an existing fund will also merge into the umbrella structure. Northern Trust's expertise will support Omba's aim to provide diversified, low-cost investment options to high net worth clients.
Northern Trust (NASDAQ: NTRS) has secured an asset servicing mandate with Pendal Group Limited, managing approximately A$139.2 billion (US$104.4 billion). This agreement spans Australia, the UK, Ireland, and the US, expanding services provided to Pendal’s subsidiary, J O Hambro Capital Management. The partnership now includes global custody, fund accounting, financial reporting, and collateral management. Northern Trust's CEO expressed enthusiasm about the extended collaboration, emphasizing efficiency and standardization across Pendal's operations, reflecting the strategic growth in their global partnership.
Northern Trust (NASDAQ: NTRS) has supported Castelnau Group Limited in its Initial Public Offering (IPO) on the London Stock Exchange, raising approximately £178 million (about US$245 million). Castelnau, managed by Phoenix Asset Management, aims to invest in public and private companies, starting with digital analytics firms. Northern Trust will provide various asset servicing solutions for Castelnau, highlighting Guernsey’s appeal as a jurisdiction for LSE listings.
Northern Trust Corporation, symbol NTRS, announced that its Chairman and CEO, Michael G. O’Grady, along with CFO Jason J. Tyler, will present at the Goldman Sachs U.S. Financial Services Conference in New York on December 8, 2021, at 11:20 a.m. (ET). Investors can access the live webcast through Northern Trust's website, with a replay available for four weeks post-event. As of September 30, 2021, Northern Trust managed assets worth US$15.8 trillion under custody and US$1.5 trillion under management.
Northern Trust (Nasdaq: NTRS) has partnered with Equity Data Science and Snowflake to enhance secure data sharing for Asset Servicing clients. This collaboration utilizes Snowflake’s Financial Services Data Cloud, streamlining what was previously a manual data exchange process. The initiative aims to achieve client onboarding within 24 hours, significantly reducing time delays. Additionally, the technology allows for agile data updates tailored to client needs, marking a notable advancement in the industry.
The Northern Trust Universe reported minimal gains for U.S. institutional investment plans in Q3 2021, with a median return of just 0.2%. Volatile equity markets hit record highs but ended flat for the quarter. Foundations and Endowments had a median return of 0.9%, while Public Funds returned 0.4%, and Corporate ERISA pension plans saw no gain at 0.0%. The report highlighted that U.S. equity allocations make up 23.2% of ERISA plan assets, and the median exposure to U.S. fixed income for Public Funds stood at 21.0%.