Northern Trust appoints Rima Qureshi to board
Qureshi brings nearly four decades of experience, including leadership roles at Verizon and Ericsson and board service across several industries.
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Form Type
8-K
Rhea-AI Filing Summary
Northern Trust Corporation (NTRS) appointed Rima Qureshi as a director effective October 20, 2026. She was also appointed to the board of The Northern Trust Company, the Corporation’s principal subsidiary, and to the Risk Committee and Technology and Operations Committee. Qureshi was formerly executive vice president and chief strategy officer of Verizon Communications; before Verizon, she spent 23 years at Ericsson, including as chief strategy officer and CEO of Ericsson North America. She brings nearly four decades of experience and more than 15 years of public-company board service, including 15 years on Mastercard’s board, and currently serves on the boards of BT Group plc, Loblaw Companies Limited, and Swift (Society for Worldwide Interbank Financial Telecommunication).
Filing Explained
Northern Trust says Qureshi will be granted prorated equity awards as director compensation for service through the
8-K Event Classification
3 items: 5.02, 7.01, 9.01
3 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Career experience: Nearly four decades
Ericsson tenure: 23 years
Public-company board experience: More than 15 years
+3 more
6 metrics
Career experience
Nearly four decades
Rima Qureshi’s career experience
Ericsson tenure
23 years
Qureshi’s tenure at Ericsson
Public-company board experience
More than 15 years
Qureshi’s public-company board experience
Mastercard board service
15 years
Qureshi’s service on Mastercard’s board
Assets under custody/administration
US$20.0 trillion
As of June 30, 2026
Assets under management
US$2.0 trillion
As of June 30, 2026
Key Terms
Non-Employee Director Compensation Plan, Deferred Compensation Plan for Non-Employee Directors, assets under custody/administration, assets under management
4 terms
Non-Employee Director Compensation Plan financial
"participate in the Corporation’s Non-Employee Director Compensation Plan"
Deferred Compensation Plan for Non-Employee Directors financial
"eligible to participate in the Corporation’s 2018 Deferred Compensation Plan"
assets under custody/administration financial
"assets under custody/administration of US$20.0 trillion"
assets under management financial
"assets under management of US$2.0 trillion"
Assets under management (AUM) is the total value of all the investments that a financial company or fund is responsible for overseeing on behalf of its clients. It’s like a big bucket that shows how much money the firm is managing for people or organizations. A higher AUM often indicates a larger, more trusted company, and it can influence how much money they earn and the services they can offer.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What compensation plans and equity awards will Rima Qureshi receive as an NTRS director?
Qureshi will participate in the Non-Employee Director Compensation Plan and be eligible to participate in the 2018 Deferred Compensation Plan for Non-Employee Directors. She will be granted equity awards for service through the Corporation’s 2027 Annual Meeting of Stockholders, consistent with annual non-employee director awards and prorated for the effective date of her appointment.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM | |||||
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) October 20, 2026
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | |||||||||||||||
| (Zip Code) | |||||||||||||||||
| (Address of principal executive offices) | |||||||||||||||||
Registrant’s telephone number, including area code (312 ) 630-6000
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol | Name of each exchange on which registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 20, 2026, the Board of Directors (the “Board”) of Northern Trust Corporation (the “Corporation”) appointed Rima Qureshi as a director of the Corporation. Ms. Qureshi was also appointed as a director of The Northern Trust Company, the Corporation’s principal subsidiary, on such date.
The Corporation’s Board appointed Ms. Qureshi to the Risk Committee and the Technology and Operations Committee of the Board, effective October 20, 2026.
As a member of the Corporation’s Board, Ms. Qureshi will participate in the Corporation’s Non-Employee Director Compensation Plan and be eligible to participate in the Corporation’s 2018 Deferred Compensation Plan for Non-Employee Directors, each of which is described in the Corporation’s most recent proxy statement. Ms. Qureshi will be granted equity awards as a portion of her compensation for service through the Corporation’s 2027 Annual Meeting of Stockholders in an amount consistent with the awards granted annually to non-employee directors, prorated to account for the effective date of her appointment, pursuant to the Corporation’s Non-Employee Director Compensation Plan.
Item 7.01. Regulation FD Disclosure.
On October 20, 2026, the Corporation issued a press release regarding Ms. Qureshi’s appointment. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
The information furnished under Item 7.01 of this Form 8-K, including Exhibit 99.1 attached hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any other filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits:
| Exhibit Number | Description | |||||||
99.1 | Press Release of Northern Trust Corporation, dated October 20, 2026. | |||||||
| 104 | The cover page from this Current Report on Form 8-K, formatted in Inline XBRL. | |||||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| NORTHERN TRUST CORPORATION | |||||||||||||||||
| (Registrant) | |||||||||||||||||
| Dated: | October 20, 2026 | By: | /s/ Nicole V. Gersch | ||||||||||||||
| Nicole V. Gersch | |||||||||||||||||
| Senior Vice President, Deputy General Counsel and Corporate Secretary | |||||||||||||||||
News Release Media Contact: Laura Hayes laura.hayes@ntrs.com http://www.northerntrust.com FOR IMMEDIATE RELEASE Northern Trust Names Rima Qureshi to Board of Directors CHICAGO, October 20, 2026 — Northern Trust (Nasdaq: NTRS) announced today the appointment of Rima Qureshi, former executive vice president and chief strategy officer of Verizon Communications Inc., to its board of directors, effective immediately. “I am pleased to welcome Rima to the Northern Trust Board of Directors,” Chairman and Chief Executive Officer Michael O’Grady said. “Rima is a seasoned C-suite executive and public company director whose global perspective, technology expertise and experience across highly regulated industries will be valuable as we continue to strengthen Northern Trust, serve our clients and position the company for long-term growth.” Qureshi brings nearly four decades of experience shaping strategy, leading transformation and building businesses across global telecommunications and payments companies. Throughout her career, she has helped organizations navigate industry disruption, evaluate and execute major strategic initiatives, pursue new growth opportunities and strengthen their competitive position across markets. At Verizon, which Qureshi joined in 2017, she helped set the company’s strategic direction amid significant industry change. Prior to Verizon, Qureshi spent 23 years at global telecommunications company Ericsson, where she served as chief strategy officer and, later, chief executive officer of Ericsson North America. Qureshi also brings more than 15 years of public company board experience across telecommunications, retail and financial services, including 15 years on the board of Mastercard Incorporated. She currently serves on the boards of BT Group plc, the United Kingdom’s leading telecommunications provider; Loblaw Companies Limited, Canada’s largest food and pharmacy retailer; and Swift (Society for Worldwide Interbank Financial Telecommunication).
Her board service, combined with her executive experience leading global businesses and working across complex networks and critical infrastructure, give her a unique perspective. About Northern Trust Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking services to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 24 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of June 30, 2026, Northern Trust had assets under custody/administration of US$20.0 trillion, and assets under management of US$2.0 trillion. For more than 135 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit us on northerntrust.com. Follow us on Instagram @northerntrustcompany or Northern Trust on LinkedIn. Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/terms-and-conditions.