Articles from Northern Trust

Northern Trust (Nasdaq: NTRS) announced today that Melanie Pickett has been named Head of Asset Servicing, Americas, leading its business serving institutional, corporate and asset manager clients in the region, effective January 1, 2025.

Northern Trust Asset Management (NTAM), a leading global investment management firm with $1.3 trillion in assets under management as of September 30, 2024, expects strong earnings and healthy sales growth to support U.S. stock outperformance in 2025. In the fixed income market, income potential combined with generally higher credit quality make high yield bonds attractive for investors.

Northern Trust (Nasdaq: NTRS) has launched an enhanced active collateral solution designed to help institutional investors manage their collateral more efficiently while meeting the demands of continual market change.

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 Peter Wilke, CFA has joined as Head of Tactical Asset Allocation.

Global equity and fixed income markets had strong performance in the third quarter, lifting U.S. institutional plan gains across segments. The Northern Trust All Funds Over $100 Million plan universe achieved a median return of 4.7% for the quarter, placing it in the top quartile of returns over the past decade, while one-year median returns approached 20%.

Northern Trust is partnering with Greenlight® Financial Technology, Inc. (“Greenlight”) to better serve families and help the next generation build healthy financial futures. Northern Trust clients now have complimentary access to Greenlight’s award-winning family finance app and debit card, available through the Greenlight for Banks program.

Northern Trust (Nasdaq: NTRS) announced today that Cornerstone FTM, a financial technology focused investment fund, has selected Northern Trust and its strategic partner, Equity Data Science (EDS), for Research Management System (RMS) and Portfolio Construction solutions. Cornerstone will also leverage Northern Trust custody and hedge fund administration services, and data visualization and ingestion capabilities from EDS.

Northern Trust (Nasdaq: NTRS) donated more than $170 million over the past decade to non-profit organizations, including nearly $16 million in 2023 to organizations working to provide food security, affordable housing, accessible healthcare and quality education.

Northern Trust (Nasdaq: NTRS) announced today that it has been reappointed as asset servicing provider for the CAD 103 billion Healthcare of Ontario Pension Plan (HOOPP), including global custody, foreign exchange and securities lending services.

Northern Trust has appointed Wing Wilson as Chief Fiduciary Officer, East Region, where she will lead the team in the delivery of fiduciary and advisory services to families, individuals and foundations.

The inaugural Northern Trust Anchor Award—a grant from Northern Trust of up to $1 million to boost the impact of innovative nonprofit organizations with strong growth potential—will go to Chicago-based Nourishing Hope.

Northern Trust announced today that Karen Wawrzaszek has joined the Foundation & Institutional Advisors (FIA) practice as a Senior Vice President and Regional Director in Washington, D.C., where she will support efforts to grow and serve the firm’s foundation, endowment and nonprofit clients in the Mid-Atlantic region.

Northern Trust (Nasdaq: NTRS) announced today it has completed the first stage toward an industry-wide voluntary carbon credit ecosystem that would allow institutional buyers to digitally access carbon credits from leading project developers.

Northern Trust (Nasdaq: NTRS) is strategically expanding the global presence of its Front Office Solutions (FOS) business with the addition of new clients in the EMEA (Europe, Middle East and Africa) region. Globally, FOS has nearly $500B in assets under administration as of July 2023. The growth into EMEA capitalises on strong momentum achieved by FOS in serving the data and operations needs of sophisticated, multi-asset class institutional investors in the United States.

Global equity markets posted positive gains during the second quarter of 2023 due to cooling inflation, the GDP on track to grow 2% in the current year and renewed optimism in the technology sector. The median return for institutional asset owners included in the Northern Trust All Funds Over $100 million plan universe was up 2.3% for the quarter ending June 30, 2023.

Canadian Pension plan investment returns concluded the first half of the year in a position of strength, according to the Northern Trust Canada Universe. The median Canadian Pension Plan returned 1.0% for the quarter ending June 30 and 5.3% year-to-date.

Northern Trust (Nasdaq: NTRS) and the Wharton Global Family Alliance (Wharton GFA) announced findings from the Wharton GFA’s sixth benchmarking survey of family offices, highlighting best practices, trends and financial performance drivers of family offices. Faced with vast geopolitical and economic uncertainty and complex family dynamics, the survey found that family offices are returning to a focus on core principles: making sure they have the right investing and governance plans, and the best strategies, to fulfill the family’s long-term goals, including:

Northern Trust, a leading provider of wealth management services, has taken top honors in two categories from Professional Wealth Management’s (PWM) Wealth Tech Awards: Best Digital Innovator in North America and Best Private Bank for Digital Wealth Planning in North America.

Northern Trust (Nasdaq: NTRS) has launched A-Suite™, a first-of-its-kind destination for global asset owners and allocators. Empowering asset owners with the latest insights, research, and networking opportunities, A-Suite is an online community and content hub designed for asset owners to collaborate on the issues that matter most to them.

Northern Trust has expanded the role of Michael J. Bracci to President of the East Florida and Mid-Atlantic Regions. Bracci, who has been President of the East Florida Region since 2003, will now lead the strategic direction and execution of the Wealth Management business of both the East Florida and Mid-Atlantic Regions, including Atlanta, Philadelphia and Washington, D.C.

Northern Trust (Nasdaq: NTRS) is a proud provider of outsourced trading services to BondBloxx, an issuer of precision fixed income ETFs who recently surpassed $1 billion in assets under management and was also awarded “New ETF Issuer of the Year for 2022” by etf.com.1 BondBloxx, the first ETF issuer that is solely focused on fixed income, a growing segment for outsourced trading, has continued to grow the number of funds that trade through Northern Trust’s Integrated Trading Solutions (ITS) service.

Northern Trust (Nasdaq: NTRS) has been appointed to provide a range of whole office outsourcing solutions for Artemis, a leading United Kingdom (UK)-based asset manager with more than £24.3 billion (US$30.1bn) in assets under management (as of 31 March 2023). The deal sees Northern Trust appointed as Artemis’ single provider of asset servicing solutions.

Northern Trust (Nasdaq: NTRS) donated more than $165 million over the past decade to non-profit organizations, including more than $19 million in 2022 to organizations working to provide food security, affordable housing, accessible healthcare and quality education.

Northern Trust has appointed Carlos J. Arrizurieta President of the Northeast Region, where he will be responsible for leading multi-disciplinary Wealth Advisory teams in the delivery of holistic advice and outstanding client service in the New York City, Greenwich, and Boston markets.

Northern Trust (Nasdaq: NTRS) announced today that Daniel Gamba will serve as Northern Trust’s new President of Asset Management (NTAM), effective April 3. He will join Northern Trust’s Management Group and report to Chief Executive Officer Michael O’Grady.

Northern Trust announced today that Michael Janko has joined the Foundation & Institutional Advisors (FIA) practice as a Senior Investment Advisor in Boston, where he will support the firm’s foundation, endowment and institutional nonprofit clients.

Global markets ended the third quarter of 2022 in negative territory after central banks reaffirmed their commitment to fight inflation by raising interest rates. As markets continued to sell off, the median return for institutional asset owners included in the Northern Trust All Funds Over $100 million plan universe was -4.2% for the quarter ending September 30, 2022.

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 appointed Stephanie H. Giroux, CFA, as Senior Portfolio Advisor in the Greater New York market. Giroux will be responsible for delivering goals driven investment advice to achieve our wealth management clients’ objectives. She will be based in the Greenwich, Connecticut office.

Northern Trust (Nasdaq: NTRS) today announced the appointment of Michael Buzza as global head of Network Management & Market Strategy. Buzza, previously EMEA head of Market Advocacy and Innovation Research, will oversee the teams dedicated to providing market access and insights across the traditional securities services markets within the Digital Assets and Financial Markets group.

Northern Trust has appointed Michael Cklamovski as Senior Managing Director and President of the Northern California region, based out of the San Francisco office. In this role, Cklamovski will be responsible for leading the Wealth Management business in the Bay Area and neighboring communities.

Northern Trust has appointed Curtiss Smith as Phoenix Region President, where he will lead the team in the delivery of outstanding client service and accelerate the growth of the Northern Trust Wealth Management platform.

In line with its continuing growth and momentum, Northern Trust (Nasdaq: NTRS) has made a series of appointments within its global Capital Markets business and established a Capital Markets Client Solutions team.

Northern Trust has appointed Jim Ward Senior Investment Officer and Senior Vice President in the Western Michigan Office, where he will lead the investment team in their delivery of Goals Driven advice to high net worth clients and institutions.

Northern Trust has named Benjamin Bobroff as the new global head of its Digital Solutions Consulting team within its Asset Servicing business development division and made three senior appointments supporting the continued strategic focus and investment in digital innovation.

Northern Trust has appointed Ann Marie Wilczynski Senior Managing Director and President of Minnesota, where she will be responsible for leading the team in the delivery of holistic advice and outstanding client service.

Northern Trust (Nasdaq: NTRS) has made $160 million in charitable contributions in the last decade, including $18 million in 2021 benefiting nearly 1,000 organizations globally, according to a Northern Trust’s 2021 Philanthropic Impact Report released today.

Northern Trust (Nasdaq: NTRS) has partnered with 5th Century Partners (“5CP”), a purpose-driven private investment firm based in Chicago, to provide fund administration and related services. The relationship includes banking, investor services and support for the launch of 5CP’s oversubscribed debut fund, which closed to investors earlier this year with $144 million in capital commitments.

Northern Trust has announced its second-annual Wealth Planning Symposium, which will bring together more than 30 experts from the legal and financial services industries to share cutting-edge strategies that will help shape the future of wealth management.

Northern Trust Asset Management (NTAM), a unit of Northern Trust (Nasdaq: NTRS), announced today that Michael Hunstad, Ph.D., head of quantitative strategies since 2018, is expanding his management responsibilities to include NTAM’s index equity and tax-advantaged equity teams, both of which are grounded in the systematic approach that powers the firm’s quantitative processes. Hunstad has concurrently been appointed a member of NTAM’s Executive Group.

Northern Trust, a leading global asset manager with $1.5 trillion in assets under management, expects strong earnings growth and continued low interest rates to lead to slowing but sustainable economic growth in 2022.

Northern Trust (Nasdaq: NTRS) and Equity Data Science (EDS) have collaborated with Snowflake, the Data Cloud company, to enhance secure data sharing and onboarding for Asset Servicing clients using Investment Data Science capabilities.

As part of its initiative to bring greater efficiency and transparency to alternatives asset servicing, Northern Trust (Nasdaq: NTRS) has launched a feature within its Front Office Solutions platform that utilizes machine learning to empower sophisticated asset allocators with better oversight of their research process.

Northern Trust (Nasdaq: NTRS) has appointed Gary Paulin as head of Global Strategic Solutions for its asset servicing business.

Northern Trust (Nasdaq: NTRS) has reached an agreement to take an equity stake in Essentia Analytics, Ltd., a leading provider of behavioral analytics and consulting services that utilizes a cutting edge cloud-based platform to bring together historical data and behavioral science to identify and address biases in thinking that impact investment performance.

Northern Trust Asset Management announced today that Angelo Manioudakis has been named Chief Investment Officer for the global financial institution with more than $1.2 trillion in assets under management as of June 30, 2021. He will assume the position on September 27.

As part of its initiative to digitize alternative asset servicing, Northern Trust has launched an artificial intelligence-powered solution to extract unstructured investment data from alternative asset documents and make it accessible and actionable for asset owner clients.

The global economy will experience annualized real growth of 2.9% over the next five years, along with annualized inflation of 1.7% in developed markets, according to Northern Trust’s Capital Market Assumptions Report, which is a five-year outlook. The firm predicts the persistently low interest rates will foster positive but low returns, with technology remaining a potent force that will mute inflation. In the meantime, more central banks are expected to broaden their objectives to include fighting income inequality and climate change, leading them to continue to provide monetary stimulus.

Northern Trust announced today that Adam Kerbis has joined the firm as a Senior Vice President and Banking Relationship Advisor on the Commercial Banking team based in Chicago. He will be responsible for growing the family-owned beverage client base by customizing loan, deposit and treasury solutions that help clients to achieve their strategic goals. He will report to Paul Theiss, Senior Managing Director of the Wealth Management Commercial Banking Group.

Northern Trust (Nasdaq: NTRS) announced today the launch of the Tax Policy Resource Center, an online resource dedicated to examining the intersection of tax policy and complex wealth management.