Northern Trust

Northern Trust’s Annual Monthlong Service Effort Sets New Records

Retrieved on: 
Wednesday, November 8, 2023
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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.

Key Points: 
  • 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.
  • During the month of October alone, employees volunteered nearly 53,000 hours for 1,700 organizations in 20 countries — every country where Northern Trust has an office.
  • “The desire to give back is embedded in Northern Trust’s DNA, but last month employees outpaced even our own expectations of service, far exceeding previous company records of volunteer hours performed, organizations assisted and meals donated in a single month,” Northern Trust Director of Corporate Philanthropy Shana Hayes said.
  • This year, thanks to the generosity of employees, Northern Trust has pledged more than 2.6 million meals.

Established Managed Investment Solutions Team Joins Westwood Holdings Group

Retrieved on: 
Tuesday, October 31, 2023
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DALLAS, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Westwood Holdings Group , an investment management boutique and wealth management firm focused on value and multi-asset strategies, is proud to announce the addition of a cutting-edge Managed Investment Solutions team, bolstering the firm’s ability to provide customized solutions to institutional and wealth investors.

Key Points: 
  • DALLAS, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Westwood Holdings Group , an investment management boutique and wealth management firm focused on value and multi-asset strategies, is proud to announce the addition of a cutting-edge Managed Investment Solutions team, bolstering the firm’s ability to provide customized solutions to institutional and wealth investors.
  • Westwood’s new Managed Investment Solutions team, based in Chicago, will focus on tailoring investment solutions to a diverse array of individual institutional risk/reward tolerances and investment approaches.
  • Greg Behar, Drew Miyawaki and Shaun Murphy boast an average of 25 years of institutional investment experience and come to Westwood with a proven track record of successfully providing diverse institutional clients with bespoke investment solutions.
  • Greg most recently served as LGIMA’s head of index investment strategy and was responsible for providing investment thought leadership to investors and developing comprehensive investment solutions and insights across the spectrum of index strategies.

Northern Trust Universe Data: Institutional Plans Post Negative Returns as Global Equity Markets Sell Off in Q3

Retrieved on: 
Monday, November 6, 2023
Finance, Consulting, Banking, Professional Services, Asset Management, Universe, Risk, St. Jude Championship, ERISA, Risk register, Hedge fund, Russell, Private equity, Federal, Northern Trust, Government, St Jude's GAA, Education, Communities and Justice Directorates, Security (finance), Life insurance, Endowment

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.

Key Points: 
  • 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.
  • The Northern Trust Foundation and Endowment (F&E) universe produced a -1.1% median return for the quarter, while the Northern Trust Public Funds universe median return was down -1.7% and the Northern Trust Corporate (ERISA) universe median return was -5.1%.
  • Public Funds universe median multi-period returns for the one-, three- and five-year periods stand at 9.1%, 5.6% and 5.2%, respectively.
  • The segment continues to increase the allocation to Private Equity, where the universe median allocation now stands at 15.1%.

Northern Trust Announces a Partnership with Novata, Adding Private Markets Data and Benchmarking Capabilities to Whole Office Strategy

Retrieved on: 
Thursday, November 2, 2023
Technology, Finance, Fintech, Banking, Professional Services, Software, Environmental, Social and Governance (ESG), Asset Management, Data Management, Nationwide Asset Services, Ethics, ESG, Data collection, Face, Data management, Trust, GHG, Series, Corruption, Cryptocurrency, Northern Trust, Eupithecia novata

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.

Key Points: 
  • 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.
  • The addition of Novata’s data management solution is an extension of Northern Trust’s Whole Office strategy that will provide asset owners a clearer view of the ESG impact of private companies on investment portfolios and simplify the ESG data collection process for investors and portfolio companies.
  • Northern Trust Whole Office facilitates client access to new technologies, services and solutions across the investment lifecycle.
  • Novata offers the technology and expertise to streamline and simplify ESG data management for the private markets.

Northern Trust Strengthens Foundation & Institutional Advisors Practice in the Mid-Atlantic

Retrieved on: 
Tuesday, October 31, 2023
Finance, Consulting, Banking, Professional Services, Philanthropy, Socially Responsible Investing, Fund Raising, Foundation, Asset Management, Other Philanthropy, Woman, African Women on Board, FDIC, FINANCIAL, ESG, Region, Investment, FIA, Conference, Organization, Financial adviser, National Association of Affordable Housing Lenders, Equal housing lender, Multimedia, Senior, Growth, Executive Committee, CTFA, Rockefeller Capital Management, UN Global Counter-Terrorism Strategy, UN, Wichita State University, Mid-Atlantic (United States), Billion, Management, Financial services, Northern Trust

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.

Key Points: 
  • 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’s Foundation & Institutional Advisors (FIA) group serves nonprofit organizations through sophisticated investment management solutions, strategic insights and world-class resources.
  • More information about Northern Trust Foundation and Institutional Advisors can be found at www.northerntrust.com/FIA .
  • Northern Trust Wealth Management offers holistic wealth management services for affluent individuals and families, family offices, foundations and endowments, and privately held businesses.

Northern Trust Hosts Second Charity Trading Day to Benefit Four Global Charities

Retrieved on: 
Tuesday, October 24, 2023
Professional Services, Philanthropy, Fund Raising, Finance, Foundation, Asset Management, Banking, Capital market, Nationwide Asset Services, Northern Trust, Treasury services, Asset, Organic, Ronald McDonald House Charities, RMHC, Cryptocurrency

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.

Key Points: 
  • 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.
  • In the coming year, Northern Trust employees and clients will also donate thousands of volunteering hours in support of a number of the charities’ projects across the globe.
  • The global effort, led by Northern Trust Asset Servicing, aligns with the company’s long-term community investment strategy to support those who have been marginalized with more opportunities to achieve long-term financial success.
  • “Our first Charity Trading Day in 2022 benefited global housing non-profit Habitat for Humanity International, with our employees donating many volunteering hours as well,” said Pete Cherecwich, president of Northern Trust Asset Servicing.

Northern Trust Declares Quarterly Dividends on Common and Preferred Stock

Retrieved on: 
Tuesday, October 17, 2023
Banking, Professional Services, Finance, Northern Trust, Cryptocurrency, Life insurance, Security (finance)

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.

Key Points: 
  • 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 Corporation also declared cash dividends of $293.75 per share of its Series E non-cumulative perpetual preferred stock (resulting in a distribution of $0.29375 per depositary share), payable on January 1, 2024, to holders of record at 5:00 p.m., Chicago time, on December 15, 2023.

Northern Trust Corporation Reports Third Quarter 2023 Financial Results

Retrieved on: 
Wednesday, October 18, 2023
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Northern Trust Corporation has released its third quarter 2023 financial results.

Key Points: 
  • Northern Trust Corporation has released its third quarter 2023 financial results.
  • Northern Trust’s third quarter earnings conference call will be webcast on October 18, 2023.
  • The live call will be conducted at 8:30 a.m. CT and is accessible on Northern Trust’s website at the address noted above.
  • A recording of the live call will be available on Northern Trust’s website following the live event, for approximately four weeks.

Chicago AI Conference: Reshaping the Future of Finance with AI in Chicago

Retrieved on: 
Saturday, October 14, 2023
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With a vision to shape global AI agendas and foster public-private collaboration, the Chicago AI Conference is set to take place on October 26, 2023, in Chicago.

Key Points: 
  • With a vision to shape global AI agendas and foster public-private collaboration, the Chicago AI Conference is set to take place on October 26, 2023, in Chicago.
  • Distinguished AI 2030 stakeholders will convene to discuss pivotal topics including the Open Source Responsible AI Framework, the Global Task Force, AI for Financial Professionals, and the AI2030 Accelerator programs.
  • Chicago's ecosystem for AI and finance places it uniquely at the forefront of shaping the future of financial technology.
  • This dynamic convergence of finance and AI expertise is fostering a robust pipeline of highly skilled AI graduates poised to make significant contributions to the financial industry's evolution.

Navy Federal Investment Services Announces New Partnership With Trust & Will

Retrieved on: 
Monday, October 16, 2023
Banking, Professional Services, Other Consumer, Women, Seniors, Men, Family, Other Professional Services, Insurance, Consumer, Finance, Partnership, Veteran, Navy, Organization, Education, Trust, Northern Trust, National Military Family Association, Navy Federal Credit Union, Life, NFCU, Life insurance

Navy Federal Investment Services (NFIS), a subsidiary of Navy Federal Financial Group (NFFG), announces a new partnership with Trust & Will , a leading digital estate planning and probate provider.

Key Points: 
  • Navy Federal Investment Services (NFIS), a subsidiary of Navy Federal Financial Group (NFFG), announces a new partnership with Trust & Will , a leading digital estate planning and probate provider.
  • This collaboration represents a significant milestone for both organizations and promises to deliver easily accessible and affordable estate planning services.
  • "By partnering with Trust & Will, we can easily offer online access to estate planning in addition to our financial advisor support and guidance, allowing Navy Federal members to effortlessly plan for their families, regardless of their circumstances.”
    The services offered by Trust & Will for Navy Federal members are efficient and straightforward.
  • Navy Federal Investment Services and Trust & Will share a joint commitment to financial wellness, financial planning and providing education along the way.