Northern Trust

Northern Trust Corporation announces 2023 Stress Capital Buffer

Retrieved on: 
Saturday, July 1, 2023
Professional Services, White House, Federal Government, Public Policy, Government, Finance, Asset Management, Banking, Personal Finance, CCAR, SCB, Federal, Northern Trust

Based on the 2023 CCAR results, Northern Trust will be subject to a preliminary stress capital buffer (SCB) of 2.5 percent, which is the minimum SCB requirement under the applicable regulation and unchanged from the current level.

Key Points: 
  • Based on the 2023 CCAR results, Northern Trust will be subject to a preliminary stress capital buffer (SCB) of 2.5 percent, which is the minimum SCB requirement under the applicable regulation and unchanged from the current level.
  • The SCB will be effective from October 1, 2023, to September 30, 2024, and will equate to a minimum common equity tier 1 (CET1) ratio of 7 percent.
  • “The results of the Federal Reserve’s annual CCAR continue to illustrate the strength of our capital position and business model,” Chairman and Chief Executive Officer Michael O’Grady said.
  • “We look forward to continuing our planned capital actions.”
    Northern Trust intends to maintain its quarterly cash dividend on common stock of $0.75 per share, subject to approval by its board of directors, and will continue to take an opportunistic, considerate approach in its evaluation of potential common stock repurchases given its strong capital position, prevailing market conditions, and other factors.

Northern Trust Asset Management Announces Leadership Changes

Retrieved on: 
Wednesday, June 28, 2023
Professional Services, Technology, Other Professional Services, Finance, Fintech, Banking, International, Northern Trust, Culture, Nils Jakob Hunstad, Justin McCareins, Risk management, Multimedia, Risk, Pleasure, Growth, CIO, Asset management

Northern Trust Asset Management today announced organizational and leadership changes designed to foster growth while meeting and anticipating the needs of clients.

Key Points: 
  • Northern Trust Asset Management today announced organizational and leadership changes designed to foster growth while meeting and anticipating the needs of clients.
  • View the full release here: https://www.businesswire.com/news/home/20230628753086/en/
    “Since my arrival as NTAM President, I have had the pleasure of meeting with hundreds of key staff members across Northern Trust to discuss our business, capabilities and culture,” NTAM President Daniel Gamba said.
  • This new team will advance our investment processes and platform to deliver investment and client portfolio management excellence across our broad, complex investment capabilities – at scale.
  • “I am energized by NTAM’s leadership team and confident that these changes will help build on our success,” Gamba said.

Northern Trust Appoints Kathryn Calcagno as Senior Wealth Strategist

Retrieved on: 
Wednesday, June 28, 2023
Other Professional Services, Personal Finance, Finance, Asset Management, Consulting, Banking, Accounting, Professional Services, Franciscan Sisters of Mary, Equal housing lender, Senior, University Club, Sister, FDIC, Multimedia, First Republic Bank, Leukemia, Financial services, Bank, Calcagno, Northern Trust

Northern Trust has appointed Kathryn Calcagno Senior Wealth Strategist in Portland, where she will work with high-net-worth individuals and families to develop comprehensive wealth management plans to meet their goals.

Key Points: 
  • Northern Trust has appointed Kathryn Calcagno Senior Wealth Strategist in Portland, where she will work with high-net-worth individuals and families to develop comprehensive wealth management plans to meet their goals.
  • Most recently, Calcagno was the Senior Managing Director, Wealth Advisor at First Republic Bank, where she managed complex investment and trust services for clients.
  • “Kathryn is highly effective and will fit in seamlessly with Northern Trust’s culture built on client service,” added Michele Havens, President, West Region, Northern Trust Wealth Management.
  • 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 and Coalition Greenwich Study: Asset Managers Project Future Growth Amid Challenging Environment

Retrieved on: 
Tuesday, June 27, 2023
Professional Services, Data Management, Technology, Finance, Networks, Banking, Survival of the fittest, Partnership, Northern Trust, Capital market, Research, Appetite, Growth, Environment, Risk management

Asset managers project future organic growth despite a host of challenges facing the industry, according to a Northern Trust industry study of 150 asset managers, conducted in partnership with Coalition Greenwich.

Key Points: 
  • Asset managers project future organic growth despite a host of challenges facing the industry, according to a Northern Trust industry study of 150 asset managers, conducted in partnership with Coalition Greenwich.
  • While 84% expect to grow, 22% plan to implement changes to their operating models to achieve efficiency and cost savings.
  • “Asset managers continue to face considerable adversity, and we commissioned this study to understand how the asset management industry is evolving,” said Grant Johnsey, Head of Client Solutions, Capital Markets, Americas.
  • Stephen Bruel, Senior Analyst at Coalition Greenwich Market Structure & Technology and author of the report said: “While there are many unknowns in the current environment, one item asset managers control is their operating model.

Northern Trust Corporation to Webcast Second Quarter 2023 Earnings Conference Call

Retrieved on: 
Wednesday, June 21, 2023
Banking, Professional Services, Finance, CT, Webcast, Northern Trust, Flour

Northern Trust Corporation announced today that it will webcast its second quarter 2023 earnings conference call live on Wednesday, July 19, 2023.

Key Points: 
  • Northern Trust Corporation announced today that it will webcast its second quarter 2023 earnings conference call live on Wednesday, July 19, 2023.
  • The webcast, the earnings press release, and related presentation materials will be accessible on Northern Trust’s website .
  • The call will be conducted at 9:00 a.m. (CT), following the release that morning of Northern Trust’s second quarter 2023 earnings press release.
  • A replay of the webcast will be available for approximately four weeks after the date of the call.

Northern Trust and Wharton Global Family Alliance Announce Survey Findings on Family Offices

Retrieved on: 
Tuesday, June 20, 2023
Professional Services, Legal, Finance, Consulting, Banking, Accounting, Equal housing lender, Interest, Family, Trust, FDIC, Wharton School of the University of Pennsylvania, AUM, Family office, Investment, Widener University Commonwealth Law School, Knowledge, ESG, Benchmarking, Environment, Management, Tourism, Financial services, Cryptocurrency, Bank, Northern Trust

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.

Key Points: 
  • 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.
  • Family offices have substantially increased direct private investments at the expense of making investments through private-equity firms.
  • The Wharton Global Family Alliance is a world-leading research forum created by the Wharton School and the CCC Alliance.
  • Nearly 20% are larger Family Offices that employ more than 21 professionals
    Northern Trust Wealth Management offers holistic wealth management services for affluent individuals and families, family offices, foundations and endowments, and privately held businesses.

Climate Vault Solutions Launches to Meet Growing Demand for Data-driven Climate Action

Retrieved on: 
Tuesday, June 13, 2023
Software, Professional Services, Environmental Issues, Sustainability, Start-Up, Socially Responsible Investing, Technology, Environment, Data Analytics, Green Technology, Finance, Climate Change, Climate, Software as a service, DRW, University, Investment, Carbon footprint, T. Rowe Price, Northern Trust, Carbon, Government, Organization, Economics, Climate change, PWC, CO2, Renewable energy

The funding will be used to further drive carbon measurement, reduction, removal, and reporting as Climate Vault Solutions amplifies the mission started at Climate Vault, Inc. , an award-winning nonprofit, to provide organizations with an all-inclusive climate partner.

Key Points: 
  • The funding will be used to further drive carbon measurement, reduction, removal, and reporting as Climate Vault Solutions amplifies the mission started at Climate Vault, Inc. , an award-winning nonprofit, to provide organizations with an all-inclusive climate partner.
  • “Carbon action and meaningful sustainability initiatives that make a real-world difference are no longer optional for today's businesses,” said Jason Grant, President and Chief Operating Officer of Climate Vault Solutions.
  • We are excited about Climate Vault Solution’s mission for carbon reduction,” said Lee Seward, Chairman of the Inclusive Capital Partners Foundation board.
  • This investment will allow Climate Vault Solutions to achieve escape velocity toward our mission of reducing climate damages,” said Michael Greenstone, Chairman of the Board for Climate Vault Solutions and Milton Friedman Distinguished Service Professor of Economics at the University of Chicago.

Northern Trust Named Best Digital Innovator, Best Private Bank for Digital Wealth Planning in North America from PWM

Retrieved on: 
Monday, June 12, 2023
Technology, Finance, Consulting, Fintech, Banking, Accounting, Professional Services, Software, Asset Management, National Association of Affordable Housing Lenders, Risk management, Financial Times, FDIC, PWM, Equal housing lender, Professional Wealth Management, Digital, Cryptocurrency, Northern Trust

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.

Key Points: 
  • 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.
  • The Wealth Tech Awards by PWM, a Financial Times Group publication, recognize the prominent role of technology and private banking.
  • Northern Trust Wealth Management President Steven L. Fradkin said the recognition highlights Northern Trust’s efforts to enhance proprietary technology to provide best-in-class advice and innovate the firm’s pioneering Goals Driven Wealth Management approach.
  • 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 Launches A-Suite, an Exclusive Online Platform for Asset Owners

Retrieved on: 
Tuesday, June 6, 2023
Banking, Networks, Professional Services, Fintech, Data Management, Technology, Asset Management, Other Communications, Data Analytics, Public Relations, Investor Relations, Insurance, Communications, Finance, Partnership, Trust, Hope, Research, Host, Adaxa Suite, Cryptocurrency, Tourism, Northern Trust

Northern Trust (Nasdaq: NTRS) has launched A-Suite™, a first-of-its-kind destination for global asset owners and allocators.

Key Points: 
  • 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.
  • With over 1,800 global asset owner clients, across corporations, not-for-profits, public funds, insurance companies, central banks, superannuation and sovereign wealth funds, Northern Trust has an unwavering commitment to support the increasingly sophisticated needs of complex asset owners and allocators.
  • With A-Suite we aim to help further those missions to an even greater extent,” said Melanie Pickett, Head of Asset Owners, Americas at Northern Trust.

Collibra Introduces New Innovations and Integrations to Extend the Value of Customers' Data Ecosystems

Retrieved on: 
Tuesday, June 6, 2023
Cloud, IDC, Professional services, Workflow, UI, Microsoft Power BI, Record, BI, Microsoft, Ontario Northland Motor Coach Services, Variable Data Intelligent Postscript Printware, SMART Process Acceleration Development Environment, Organization, Tableau, Azure Data Lake, Investment, Map, Google Cloud, Anomaly, Knowledge, Growth, Azure, MicroStrategy, AWS, Databricks, Video game, Online shopping, Spark, Northern Trust, Snowflake

NEW YORK and BRUSSELS, June 6, 2023 /PRNewswire/ -- Collibra, the Data Intelligence company, today announced new innovations and integrations to help customers realize more value from their cloud migration and modernization investments. The latest release of the Collibra Data Intelligence Cloud provides expanded integrations with leading technology partners, new data quality capabilities, and new out-of-the-box workflows that enable customers to build on existing systems and processes while using Collibra to gain visibility and expand access to trusted data across their organization. 

Key Points: 
  • With this complexity, organizations struggle to gain full visibility into their data estate and extract maximum value from their data.
  • "With these new innovations, our customers can build on their existing cloud and data modernization efforts and simultaneously do more with those investments by using Collibra.
  • Collibra is introducing several new and expanded integrations to help organizations gain deeper visibility and clarity into sprawling data ecosystems with improved discovery, understanding, and data protection across more sources.
  • The Collibra Data Marketplace helps jumpstart productivity with a self-service interface that makes trusted data easy to discover and access.