Northern Trust

Northern Trust Forecasts Slow Economic Growth and Moderating Inflation Over the Next 10 Years

Retrieved on: 
Tuesday, September 12, 2023
Professional Services, Environment, Sustainability, Insurance, Finance, Asset Management, Banking, Uncertainty, NTI, CMA, Central bank, Tax, Ageing, Risk, Judgement, Sale, Natural Resources, IPC, US, Climate change, Investment, Growth, Artificial intelligence, Policy, AI, Annual report, Cryptocurrency, Renewable energy, Risk management, Northern Trust

For fixed income, Northern Trust expects higher yields to improve returns while defaults remain near the long-term average.

Key Points: 
  • For fixed income, Northern Trust expects higher yields to improve returns while defaults remain near the long-term average.
  • Northern Trust expects global equities to return 6.3% annualized over the next decade, down from 10.4% in the previous decade.
  • Inflation Adaptation: While we expect global economic growth to backtrack, inflation should persist.
  • The ability to achieve similar outcomes is subject to risk factors over which Northern Trust may have no or limited control.

Northern Trust Developing Digital Platform for Institutional Voluntary Carbon Credit Transactions

Retrieved on: 
Monday, September 11, 2023
Technology, Finance, Fintech, Banking, Other Technology, Professional Services, Blockchain, Software, Data Management, Carbon, Market, Regen, Municipality, Nationwide Asset Services, Trust, Global warming potential, Digital technology, Digital asset, MVP, Ecosystem, Greenhouse, III, Cryptocurrency, Northern Trust

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.

Key Points: 
  • 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.
  • The announcement follows Northern Trust’s successful milestone of completing fully automated transactions on the initial minimum viable product (MVP) digital carbon credit platform it has developed with carbon avoidance and removal project developers including Go Balance Limited, ReGen III (TSXV: GIII) and a direct air capture company in addition to institutional buyers.
  • The ecosystem utilizes private ledger digital blockchain technology to connect institutional buyers with carbon credit suppliers who are focused on solutions to reduce greenhouse gases including carbon dioxide.
  • The fully digital platform allows purchasers to transact tokenized carbon credits directly with project developers and retire these against their carbon footprint.

Northern Trust Grows Front Office Solutions Business in EMEA Market

Retrieved on: 
Thursday, September 7, 2023
Banking, Professional Services, Finance, Pension, Trust, Research, FOS, Investment, Growth, Kingdom, United Arab Emirates, Cryptocurrency, Asset management, Northern Trust

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.

Key Points: 
  • 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.
  • 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.
  • “After significant growth in the U.S. market, we see strong interest among asset owners in EMEA for our Front Office Solutions platform,” said John Turney, Global Head of Front Office Solutions at Northern Trust.
  • “We are thrilled to announce our recent success in securing new clients on a global scale,” said James Wright, Head of Asset Owners, EMEA at Northern Trust.

Northern Trust Appoints Head of Asset Servicing, Hong Kong

Retrieved on: 
Tuesday, September 5, 2023
Banking, Asset Management, Professional Services, Finance, Head Office, Nationwide Asset Services, Trust, Multimedia, Credit Suisse, State Street, BNP Paribas, Government, University College Cork, Economics, Property management, Cryptocurrency, Northern Trust

Northern Trust (Nasdaq: NTRS) has appointed Aisling Keane as head of Asset Servicing, Hong Kong, effective 4 September 2023.

Key Points: 
  • Northern Trust (Nasdaq: NTRS) has appointed Aisling Keane as head of Asset Servicing, Hong Kong, effective 4 September 2023.
  • View the full release here: https://www.businesswire.com/news/home/20230904736368/en/
    Northern Trust (Nasdaq: NTRS) has appointed Aisling Keane as head of Asset Servicing, Hong Kong.
  • (Photo: Business Wire)
    In the newly created role, Keane will lead Northern Trust’s asset servicing business in Hong Kong, Macau and Taiwan.
  • Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals.

Northern Trust Announces Dane Fannin will Spearhead its Global Foreign Exchange Business

Retrieved on: 
Wednesday, August 23, 2023
Finance, Banking, Professional Services, Asset Management, Insurance, EFX, Liquidity, Northern Trust, Capital market, GFX, Gibson, Trust, Securities lending, Security (finance), FX, NTRS, Treasury services, Collateral, Cryptocurrency, Financial services

Northern Trust (Nasdaq: NTRS) today announced Dane Fannin will lead its growing Global Foreign Exchange business, expanding his Securities Finance role.

Key Points: 
  • Northern Trust (Nasdaq: NTRS) today announced Dane Fannin will lead its growing Global Foreign Exchange business, expanding his Securities Finance role.
  • As global head of Global Foreign Exchange (GFX) and Securities Finance, Fannin, who joined Northern Trust in 2006, will be responsible for the continued technology innovation and business growth across the suite of GFX and Securities Finance solutions.
  • He reports to Guy Gibson, executive vice president and global head of Capital Markets, Banking & Treasury Services.
  • Prior to assuming his role as global head of Securities Finance, Dane was head of Capital Markets Asia-Pacific.

Stock Yards Bancorp Promotes Shannon Budnick to Executive VP, Director of Wealth Management & Trust Group, Effective January 3, 2024

Retrieved on: 
Wednesday, August 16, 2023
Truist Financial, Tennis, College, Senior, Northern Trust, Property Trust Group, Shannon, Trust, Marketing, Certified Financial Planner, Chancellor of the College of William & Mary, Twin, Wealth management, Investment management, Growth, Pension fund, Investment

Effective January 3, 2024, Shannon Budnick, currently Senior VP and Managing Director of Investments, will succeed Ms. Thompson in the position of Executive VP, Director of Wealth Management & Trust Group.

Key Points: 
  • Effective January 3, 2024, Shannon Budnick, currently Senior VP and Managing Director of Investments, will succeed Ms. Thompson in the position of Executive VP, Director of Wealth Management & Trust Group.
  • We are confident in her ability to lead the Stock Yards’ Wealth Management & Trust Group into the future.
  • She will be an integral part of the executive leadership team at Stock Yards Bank & Trust.”
    Ms. Budnick joined Stock Yards Bank & Trust in 2007 as a Wealth Advisor.
  • Ms. Thompson has served as a Director of Stock Yards Bancorp and Stock Yards Bank & Trust Company since 1994.

Voya’s Penland welcomed to the Defined Contribution Alternatives Association’s board of directors

Retrieved on: 
Thursday, August 17, 2023
Personal Finance, Finance, Consulting, Professional Services, Other Professional Services, Northern Trust, Education, Voya Financial, Workplace, Human, Consultant, Retirement, Investment, Health, Family, NYSE, Management, Financial adviser, VOYA

Voya Financial, Inc. (NYSE: VOYA), a leading health, wealth and investment company, announced today that Kirk Penland, senior vice president, Nonqualified Markets at Voya Financial, has been appointed to the board of directors of the Defined Contribution Alternatives Association (DCALTA).

Key Points: 
  • Voya Financial, Inc. (NYSE: VOYA), a leading health, wealth and investment company, announced today that Kirk Penland, senior vice president, Nonqualified Markets at Voya Financial, has been appointed to the board of directors of the Defined Contribution Alternatives Association (DCALTA).
  • “I’m thrilled to be joining the DCALTA board of directors and teaming up with my industry peers who are equally as passionate about providing solutions to help overcome market bias when it comes to alternative investments within DC plans,” said Penland.
  • “The retirement plan landscape is constantly evolving with regulatory mandates, product innovation and new approaches to investment strategies.
  • “We are excited to have Kirk join the DCALTA board of directors,” said Jonathan Epstein, president and founder, DCALTA.

Northern Trust Leaders to Participate in Barclays Global Financial Services Conference on September 12th

Retrieved on: 
Monday, August 14, 2023
Banking, Asset Management, Professional Services, Finance, Nationwide Asset Services, Northern Trust, Conference, Life insurance

Northern Trust Corporation announced today that Chief Financial Officer Jason Tyler and President of Asset Servicing Peter Cherecwich will participate in the Barclays Global Financial Services Conference in New York City on Tuesday, September 12, 2023, at 9:45 a.m. (ET).

Key Points: 
  • Northern Trust Corporation announced today that Chief Financial Officer Jason Tyler and President of Asset Servicing Peter Cherecwich will participate in the Barclays Global Financial Services Conference in New York City on Tuesday, September 12, 2023, at 9:45 a.m. (ET).
  • A live webcast of the event may be accessed via Northern Trust's website ( www.northerntrust.com ) in the investor relations section.
  • A replay will be available for approximately four weeks after the session date.

Northern Trust Universe Data: Global Equity Markets Drive Positive Results in Second Quarter as Inflation Cools

Retrieved on: 
Wednesday, August 9, 2023
Banking, Asset Management, Professional Services, Finance, Universe, Treasury, Fed, Risk, Optimism, Northern Trust, Endowment, Federal funds, St Jude's GAA, GDP, Federal Reserve, Education, Communities and Justice Directorates, Russell, Artificial intelligence, Growth, Risk register, Government, Cryptocurrency, Security (finance), ERISA

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.

Key Points: 
  • 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.
  • The Northern Trust Corporate (ERISA) universe median return was 0.8% for the quarter, trailing the Northern Trust Public Funds universe, where the median plan was up 2.3% for the quarter, and the Northern Trust Foundation and Endowment (F&E) universe, which produced a 2.6% median return for the quarter.
  • This fueled optimism that inflation is receding,” said Amy Garrigues, global head of Investment Risk and Analytical Services at Northern Trust .
  • “This, combined with continued U.S. GDP growth and global optimism in the technology sector resulting from advancements in artificial intelligence, allowed equity markets to post strong results for the quarter.”
    The Northern Trust U.S. Equity Program universe generated a 7.6% median return for the second quarter.

Frontenac Completes Continuation Vehicle with Motion & Control Enterprises

Retrieved on: 
Wednesday, August 2, 2023
Finance, Business, Manufacturing, Other Manufacturing, Professional Services, Partnership, Northern Trust, MCE, Frontenac, Kirkland & Ellis, TIAA, EBITDA, Acquisition, Motion, Collection, Investment, Growth, OEM, Compressed air, MRO, Automation, Sales, Financial services, Nuveen

Frontenac announced today that it has completed an oversubscribed secondary market transaction to fund future growth initiatives of portfolio company, Motion & Control Enterprises (“MCE”).

Key Points: 
  • Frontenac announced today that it has completed an oversubscribed secondary market transaction to fund future growth initiatives of portfolio company, Motion & Control Enterprises (“MCE”).
  • The continuation vehicle provides MCE with the resources to accelerate organic growth initiatives and pursue additional acquisition opportunities.
  • With a continuation vehicle, we can continue to support strong companies and executives like MCE and Charley Hale.
  • This continuation vehicle furthers Frontenac’s strategy to build sizeable and long-standing companies," said Ron Kuehl, Managing Partner at Frontenac.