Articles from Northern Trust Corporation

Northern Trust (Nasdaq: NTRS) has announced a significant enhancement for the Voluntary Carbon Market (VCM) through the ability to generate digital voluntary carbon credits in near real-time on The Northern Trust Carbon Ecosystem™.

Northern Trust Corporation has released its fourth quarter 2024 financial results. Results can be found at https://www.northerntrust.com/about-us/investor-relations as well as on the corporation's Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission (SEC) on January 23, 2025, which is available on the SEC's website at https://www.sec.gov.

Northern Trust Corporation (Nasdaq: NTRS), holding company of The Northern Trust Company, has declared a quarterly cash dividend of $0.75 per share on its common stock ($1.66-2/3 par value), payable on April 1, 2025, to holders of record at 5:00 p.m., Chicago time, on March 14, 2025.

Northern Trust (Nasdaq: NTRS) announced today the appointments of Robert (Bob) Moritz and Richard (Rick) Petrino to its board of directors. Moritz, the former global chairman of PricewaterhouseCoopers (PwC), will join the Northern Trust Board of Directors effective March 1, 2025. Petrino, a former American Express Company executive, joins effective immediately.

Northern Trust Asset Management (NTAM), a leading global investment management firm with $1.3 trillion in assets under management as of September 30, 2024, announced a series of appointments in the global fixed income team to further strengthen NTAM’s credit investing and fundamental research capabilities.

Northern Trust Corporation announced today that it will webcast its fourth quarter 2024 earnings conference call live on Thursday, January 23, 2025. The webcast, the earnings press release, and related presentation materials will be accessible on Northern Trust’s website.

Northern Trust’s FlexShares Exchange Traded Funds announced the liquidation and termination of the FlexShares International Quality Dividend Defensive Index Fund (Ticker: IQDE) (the “Fund”). Prior to and through the close of regular trading (the “Close of Trading”) on the NYSE Arca, Inc. (“NYSE Arca”) on or about January 21, 2025 (the “Closing Date”), the Fund will undertake the process of closing down and liquidating its portfolio.

Northern Trust has decreased its prime rate from 7.75% to 7.50%, effective Thursday, December 19, 2024.

Northern Trust announced today that John Onderdonk has been appointed National Practice Leader of Agricultural Properties. In this role, Onderdonk will oversee a multi-disciplinary group that manages and consults on agricultural properties such as farmland, ranches and timberland for Northern Trust’s clients.

Business owners are forging ahead with big plans in 2025, according to The Northern Trust Institute’s third Business Owner Benchmark. The report, based on a survey of Northern Trust’s business owner clients, reveals that despite mixed feelings about the economy, many respondents are poised to undertake large scale changes within their business next year.

Northern Trust announced today that Jesse Crane has joined the Foundation & Institutional Advisors (FIA) practice as Regional Director for the Pacific Northwest. Based in Seattle, Crane will provide investment solutions to the firm’s foundation, endowment and institutional nonprofit clients.

Northern Trust has appointed Jordon Voss as President of the Pacific Northwest Region. Voss will lead Northern Trust's Seattle-based team in the delivery of holistic advice and superior client service, while accelerating the growth of the wealth management business throughout Washington, Oregon and Idaho.

Northern Trust Corporation announced today that Chairman and Chief Executive Officer Michael O’Grady and Chief Financial Officer David Fox will participate in the Goldman Sachs 2024 US Financial Services Conference in New York City on Wednesday, December 11, 2024, at 11:20 a.m. (ET).

Northern Trust, a leading provider of wealth management services, has taken top honors in three categories from Professional Wealth Management and The Banker magazines, publications of the Financial Times Group:

Northern Trust has decreased its prime rate from 8.00% to 7.75%, effective Friday, November 8, 2024.

Northern Trust (Nasdaq: NTRS) employees volunteered across the globe last month, an effort that saw a record 61,000 hours spent by Northern Trust staff to assist more than 1,600 nonprofit organizations in 20 countries.

Northern Trust Asset Management (NTAM), a leading global investment management firm with $1.3 trillion in assets under management as of September 30, 2024, announced today that Robert Eaton has joined Northern Trust Asset Management as a Senior Relationship Manager within NTAM’s Wealth Client Group.

Canadian pension plans benefited from a strong finish to the quarter by both stocks and bonds, according to the Northern Trust Canada Universe. The median Canadian Pension Plan returned 4.8% for the quarter and 8.4% year-to-date as of September 30.

Northern Trust Corporation has released its third quarter 2024 financial results. Results can be found at https://www.northerntrust.com/about-us/investor-relations as well as on the corporation's Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission (SEC) on October 23, 2024, which is available on the SEC's website at https://www.sec.gov.

Northern Trust Corporation (Nasdaq: NTRS), holding company of The Northern Trust Company, has declared a quarterly cash dividend of $0.75 per share on its common stock ($1.66-2/3 par value), payable on January 1, 2025, to holders of record at 5:00 p.m., Chicago time, on December 6, 2024.

Northern Trust (Nasdaq: NTRS) held its third Charity Trading Day with employees across the world participating to benefit four charities aligned with Northern Trust’s philanthropic strategy.

Northern Trust announced today that Srilatha Lakkaraju has joined the Foundation & Institutional Advisors (FIA) practice as the Director of Charitable Giving Solutions. In this role, Lakkaraju will oversee the national strategy and implementation of the Donor Advised Fund and Private Foundation Administration solutions.

Northern Trust Corporation announced today that it will webcast its third quarter 2024 earnings conference call live on Wednesday, October 23, 2024. The webcast, the earnings press release, and related presentation materials will be accessible on Northern Trust’s website.

Northern Trust Wealth Management announced two leadership changes today: Dino De Vita has been named President of Global Family & Private Investment Offices (GFO), and Marc Cosentino has been named West Region President of Northern Trust Wealth Management.

Northern Trust Asset Management (NTAM), a leading global investment management firm with $1.2 trillion in assets under management as of June 30, 2024, announced Lyenda Simpson Delp will become Head of the Global Institutional Client Group, effective December 3.

Northern Trust has decreased its prime rate from 8.50% to 8.00%, effective Thursday, September 19, 2024.

Northern Trust (Nasdaq: NTRS) has announced the formal launch of The Northern Trust Carbon Ecosystem™ with the first live transactions on the blockchain-based platform which enables institutional buyers to digitally access carbon credits from leading project developers.

Northern Trust Corporation announced today a number of leadership changes, effective Oct. 1, 2024.

Northern Trust (Nasdaq: NTRS) announced today that Northern Trust Hedge Fund Services (NTHFS) has enhanced its platform to support the growing number of asset managers who trade spots, forwards, futures and physical contracts in energy and physical commodities.

Northern Trust Corporation announced today that Chief Financial Officer Jason Tyler will participate in the Barclays Global Financial Services Conference in New York City on Tuesday, September 10, 2024, at 3:30 p.m. (ET).

Global equity market returns were subdued in the second quarter of 2024, a departure from the strong results observed in the first quarter, as global inflation remained a key area of concern. The median return for institutional asset owners included in the Northern Trust All Funds Over $100 million plan universe was 1.1% for the quarter ending June 30, 2024.

Canadian pension plans witnessed a positive finish to the second quarter, according to the Northern Trust Canada Universe. The median Canadian Pension Plan returned 1.1 percent for the quarter and 3.5 percent year-to-date.

Northern Trust Asset Management (NTAM), a leading global investment management firm with $1.2 trillion in assets under management as of June 30, 2024, announced today that Xiangrong (Sharon) Jin, Ph.D has joined as Head of Product Strategy.

Northern Trust announced that it has allocated $70 million to the Northern Trust Foundation, which supports non-profit organizations focused on fundamental needs and broadening opportunities.

Northern Trust Corporation has released its second quarter 2024 financial results. Results can be found at https://www.northerntrust.com/about-us/investor-relations as well as on the corporation's Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission (SEC) on July 17, 2024, which is available on the SEC's website at https://www.sec.gov.

Northern Trust Corporation (Nasdaq: NTRS), holding company of The Northern Trust Company, has declared a quarterly cash dividend of $0.75 per share on its common stock ($1.66-2/3 par value), payable on October 1, 2024, to holders of record at 5:00 p.m., Chicago time, on September 6, 2024.

Northern Trust has appointed Ali Nafii as Market Leader in San Diego, where he will direct the wealth management business serving high-net-worth individuals and families.

Northern Trust has released its latest Sustainability Report, highlighting efforts to create better and more sustainable futures for our clients, employees, shareholders, communities and the world we live in.

Northern Trust Corporation today commented on the results of the Federal Reserve’s 2024 Comprehensive Capital Analysis and Review (CCAR).

Northern Trust announced today that John Coates has joined the Foundation & Institutional Advisors (FIA) practice as Senior Vice President, Senior Portfolio Advisor in Miami, where he will provide investment solutions to the firm’s foundation, endowment and institutional nonprofit clients.

Northern Trust Corporation announced today that it will webcast its second quarter 2024 earnings conference call on Wednesday, July 17, 2024. The live webcast, earnings press release, and related presentation materials will be accessible on Northern Trust’s website.

Northern Trust (Nasdaq: NTRS) announced today the appointment of Chandra Dhandapani to its Board of Directors.

Northern Trust announced today that Ryan McCauley was promoted to Senior Managing Director for the Foundation & Institutional Advisors (FIA) practice in the West Region. In this role, McCauley will lead a team focused on working with foundations, endowments and nonprofit institutions in the development of innovative, comprehensive and customized solutions to meet the diverse goals and needs of its clients. McCauley joined Northern Trust in 2017.

Northern Trust (Nasdaq: NTRS) announced today that it has been selected by the Firefighters’ Retirement System (FRS) of Louisiana to provide asset servicing and data analytics capabilities for the $2.4 billion (as of 3/31/24) fund.

Northern Trust, a leading provider of wealth management services, has taken top honors in two categories from the Financial Times and PWM’s Wealth Tech Awards: Best Private Bank in the US for Digital Wealth Planning, and Best Digital Innovator of the Year in the US.

Global equity markets rallied to record levels during the first quarter of 2024, on expectations of a "soft landing" and interest rate cuts later in the year. The median return for institutional asset owners included in the Northern Trust All Funds Over $100 million plan universe was 3.7% for the quarter ending March 31, 2024.

Canadian Pension Plans finished the first three months of 2024 on a positive note, generating a median return of 2.5%, according to the Northern Trust Canada Universe.

Investment managers are prioritizing the quality and accuracy of their products to enhance the investor experience and grow their distribution in the next two years, according to a survey of 300 global asset management firms sponsored by Northern Trust.

Northern Trust (Nasdaq: NTRS) announced today the successful upgrade of its SAP Financial Asset Management application to SAP S/4HANA, which further enhances its Insurance Investment Accounting and Analytics Services solution, developed to support the full spectrum of investment accounting and regulatory reporting needs for U.S. insurance companies and corporate and endowment markets.

Northern Trust Corporation (Nasdaq: NTRS), holding company of The Northern Trust Company, has declared a quarterly cash dividend of $0.75 per share on its common stock ($1.66-2/3 par value), payable on July 1, 2024, to holders of record at 5:00 p.m., Chicago time, on June 7, 2024.

Northern Trust Corporation has released its first quarter 2024 financial results. Results can be found at https://www.northerntrust.com/about-us/investor-relations as well as on the corporation's Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission (SEC) on April 16, 2024, which is available on the SEC's website at https://www.sec.gov.

Northern Trust has appointed Jordan Kiel as president of the Georgia market responsible for leading an Atlanta-based team in the delivery of holistic advice, superior client service and continued growth in the region.

Northern Trust’s FlexShares Exchange Traded Funds announced the liquidation and termination of the FlexShares ESG & Climate Emerging Markets Core Index Fund (Ticker: FEEM) (the “Fund”). Prior to and through the close of regular trading (the “Close of Trading”) on the NYSE Arca, Inc. (“NYSE Arca”) on or about April 23, 2024 (the “Closing Date”), the Fund will undertake the process of closing down and liquidating its portfolio.

Northern Trust Asset Management (NTAM), a leading global investment management firm with $1.18 trillion in assets under management as of December 31, 2023, announced today that Christian (Chris) Roth has been hired as Chief Investment Officer of Global Fixed Income.

Northern Trust has appointed Ayla Kalani as Los Angeles Market Leader, where she will lead the wealth management business serving high-net-worth individuals and families.

Northern Trust today announced the launch of Secrets of Enterprising Families, a 300-page book exclusively available to clients, prospects and professional advisors. The book draws from Northern Trust’s 135 years of experience serving many of the world’s most affluent families. Secrets provides insight into the nuances of wealth planning and management for multigenerational families, entrepreneurs, family businesses and others, and comprehensively explores the behaviors and practices essential for optimizing wealth during key phases of life.

Northern Trust has appointed Dotti Reeder as Market President of Dallas-Fort Worth, where she will lead the wealth management business serving high-net-worth individuals and families.

Northern Trust Corporation announced today that it will webcast its first quarter earnings conference call live on Tuesday, April 16, 2024. The call will be conducted at 8:00 a.m. CT, following the release that morning of Northern Trust’s first quarter 2024 earnings press release. The webcast, related presentation materials, and the earnings press release will be accessible on Northern Trust’s website.

Northern Trust Corporation announced today that Chief Financial Officer Jason Tyler and President of Asset Servicing Peter Cherecwich will participate in the RBC 2024 Capital Markets Global Financial Institutions Conference in New York City on Wednesday, March 6th, 2024, at 4:00 p.m. (ET).

Cooling inflation, softening labor markets and lower interest rates during the fourth quarter paved the way for a strong rally in financial markets to end 2023. The median return for institutional asset owners included in the Northern Trust All Funds Over $100 million plan universe was 7.3% for the quarter ending December 31, 2023. The median 12-month return for the universe was 11.3%.

Northern Trust Corporation has released its fourth quarter 2023 financial results. Results can be found at https://www.northerntrust.com/about-us/investor-relations as well as on the corporation's Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission (SEC) on January 18, 2024, which is available on the SEC's website at https://www.sec.gov.

Northern Trust Corporation (Nasdaq: NTRS), holding company of The Northern Trust Company, has declared a quarterly cash dividend of $0.75 per share on its common stock ($1.66-2/3 par value), payable on April 1, 2024, to holders of record at 5:00 p.m., Chicago time, on March 8, 2024.

Northern Trust Corporation announced today that it will webcast its fourth quarter 2023 earnings conference call live on Thursday, January 18, 2024. The webcast, the earnings press release, and related presentation materials will be accessible on Northern Trust’s website.

Northern Trust (Nasdaq: NTRS) announced today that it has been selected by the Nebraska Investment Council (NIC) to provide asset management and asset servicing solutions, including custody, portfolio analytics and securities lending, for its pension fund. The NIC is an independent state agency that manages $37.5 billion across 32 investment programs (as of September 30, 2023).

Northern Trust (Nasdaq: NTRS) announced today that it has been selected by Costco Wholesale Corporation to provide custody, daily valuation and brokerage services for Costco’s defined contribution retirement plan, with $29 billion in assets.

Northern Trust Corporation announced today that Chairman and Chief Executive Officer Michael O’Grady and Chief Financial Officer Jason Tyler will participate in the Goldman Sachs 2023 US Financial Services Conference in New York City on Wednesday, December 6th, 2023, at 10:40 a.m. (ET).

Northern Trust, a leading provider of wealth management services, has taken top honors in two categories from Professional Wealth Management and The Banker magazines, publications of the Financial Times Group:

Northern Trust (Nasdaq: NTRS) employees set a new record for volunteer work during Northern Trust’s Achieving Greater Together month of service, an annual event that encourages employees to volunteer time with charitable organizations worldwide.

U.S. institutional investment plans were challenged in the third quarter of 2023 by global equity market declines driven by investor concern that a longer period of high interest rates will be needed to slow the U.S. economy. The median return for institutional asset owners included in the Northern Trust All Funds Over $100 million plan universe was down -2.2% for the quarter ending September 30, 2023.

Northern Trust (Nasdaq: NTRS) has reached an agreement to make available Novata’s ESG data management software solution to Northern Trust asset servicing clients, following a strategic investment in the company.

Canadian Pension Plans lost ground in the third quarter, generating a median return of -3.7% amidst market and economic headwinds. The quarterly results were cushioned by healthier returns in prior periods, resulting in a median year-to-date return of 1.6%, according to the Northern Trust Canada Universe.

Northern Trust has held its second Charity Trading Day, with employees across the world participating to benefit four global charities, aligned with the company’s philanthropic strategy.

Northern Trust Corporation has released its third quarter 2023 financial results. Results can be found at https://www.northerntrust.com/about-us/investor-relations as well as on the corporation's Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission (SEC) on October 18, 2023, which is available on the SEC's website at https://www.sec.gov.

Northern Trust Corporation (Nasdaq: NTRS), holding company of The Northern Trust Company, has declared a quarterly cash dividend of $0.75 per share on its common stock ($1.66-2/3 par value), payable on January 1, 2024, to holders of record at 5:00 p.m., Chicago time, on December 8, 2023.

Northern Trust Asset Management (NTAM), a leading global investment management firm with $1.1 trillion in assets under management as of June 30, 2023, announced today that Sunitha C. Thomas, CFA will join NTAM as co-head of the newly formed Wealth Client Group.