LONDON--(BUSINESS WIRE)-- Northern Trust (Nasdaq: NTRS) today announced it has been re-appointed by Border To Coast Pensions Partnership Limited (Border To Coast) to provide a range of asset servicing solutions spanning fund administration, custody, brokerage, securities lending and depositary services. Established as a regulated asset manager in 2018, Border To Coast has grown to be one of the largest pension pools in the United Kingdom. Owned by 11 Local Government Pension Scheme (LGPS) funds with £60bn of investments, the partnership was created to pool the investments of the Partner Fund...
LUXEMBOURG--(BUSINESS WIRE)-- Northern Trust a annoncé aujourd'hui la nomination avec effet immédiat d' Olivier Noël comme responsable pays pour le Luxembourg et chef de file des activités de gestion d'actifs au Luxembourg. Ce communiqué de presse contient des éléments multimédias. Voir le communiqué complet ici : Northern Trust has appointed Olivier Noël as Country Head of Luxembourg and leader of its Luxembourg-based asset servicing business, effective immediately. (Photo: Business Wire) M. Noël assume également le poste de CEO de la banque de Northern Trust dans l'Union européenne (EU), No...
LUXEMBOURG--(BUSINESS WIRE)-- Northern Trust today announces it has appointed Olivier Noël as Country Head of Luxembourg and leader of its Luxembourg-based asset servicing business, effective immediately. This press release features multimedia. View the full release here: Northern Trust has appointed Olivier Noël as Country Head of Luxembourg and leader of its Luxembourg-based asset servicing business, effective immediately. (Photo: Business Wire) Noël also assumes the position of Chief Executive Officer of Northern Trust’s European Union (EU) bank, Northern Trust Global Services SE (NTGS SE)...
CHICAGO & AMSTERDAM--(BUSINESS WIRE)-- Northern Trust Asset Management (NTAM), a leading global investment management firm with $1.09 trillion in assets under management as of September 30, 2023, announced today that Guido Baltussen, Ph.D. has joined NTAM as Head of Quantitative Strategies, International. In this newly created role, Baltussen will lead NTAM’s international quantitative strategies investments to support our growth, including quantitative research and innovation, thought leadership, and investment strategy. Baltussen will report to Michael Hunstad, Northern Trust Asset Managem...
Moody's Investors Service (Moody's) has confirmed all long-term ratings and assessments of Northern Trust Corporation and its rated subsidiary, Northern Trust Company (collectively Northern Trust). This includes Northern Trust Corporation's A2 long-term issuer rating, long-term senior unsecured rat...
ABU DHABI, United Arab Emirates & LONDON--(BUSINESS WIRE)-- Northern Trust (Nasdaq: NTRS) announced today that it has been appointed by Abu Dhabi Pension Fund (ADPF) (effective 1 January 2024) to provide a suite of services, including global custody, alternative asset administration through Front Office Solutions, liquidity solutions, performance and risk analytics, and compliance monitoring. Abu Dhabi Pension Fund (ADPF) is a growing pool of sovereign sponsored pension assets in the Middle East. Tasked with managing contributions, pensions and end-of-service benefits for United Arab Emirate...
LONDON--(BUSINESS WIRE)-- Following the expiration of the U.S. Securities and Exchange Commission’s (SEC) No Action Letter relating to research payments on July 3, 2023, Northern Trust (Nasdaq: NTRS) is working to find solutions for MiFID II managers facing potential difficulties paying US bank research providers. “The recent US regulatory developments combined with potential changes in research funding regulations in the UK and EU may present both challenges and opportunities for asset managers to optimize research access,” said Glenn Poulter, global head of brokerage and integrated trading...
HONG KONG--(BUSINESS WIRE)-- Northern Trust (Nasdaq: NTRS) has appointed Aisling Keane as head of Asset Servicing, Hong Kong, effective 4 September 2023. This press release features multimedia. View the full release here: 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. Keane will be responsible for overseeing the overall strategic direction for the asset servicing business and providing solutions to clients...
CHICAGO--(BUSINESS WIRE)-- 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. The Northern Trust Universe tracks the performance of more than 400 large U.S. institutional investment plans, with a combined asset value of more than $1.28 trillion, which subscribe to performance m...
Moody's Investors Service (Moody's) has today placed long term and select short term ratings for Northern Trust Corporation and Northern Trust Company (altogether Northern Trust) under review for downgrade. This includes Northern Trust Corporation's A2 long-term issuer rating (debt level outlook cha...
This commentary reviews the results of the Federal Reserve’s U.S. stress test, which highlighted banks' capital adequacy despite severe hypothetical economic headwinds. Key highlights include: •All 23 banks cleared the Federal Reserve stress tests and many have announced plans for capital distributions, mainly in the form of dividend increases, with more expected to be announced with second-quarter earnings. •Banks remained sufficiently capitalized in the stress scenario and capital levels were...
This commentary reviews the Federal Reserve's annual stress test with a primary focus on commercial real estate (CRE). Key highlights include: •Positively, all 23 banks in this year's iteration cleared the Federal Reserve stress tests and would all be able to continue to lend supporting the economy. •This year's stress test included heightened stress scenarios, especially around CRE. Next to credit cards, CRE had the highest loss levels of any asset class. •Preliminary stress capital buffers (S...
LONDON--(BUSINESS WIRE)-- Northern Trust (Nasdaq: NTRS) today announces it has been reappointed by United Kingdom (UK) defined benefit (DB) pension scheme manager Brightwell as its provider of investment operations outsourcing services. Brightwell, formerly known as BT Pension Scheme Management, is the primary service provider to the BT Pension Scheme (BTPS). This is a DB pension scheme for employees, former employees and dependents of BT Group plc and some of its associated companies. BTPS is one of the 10 largest pension schemes in the UK with £46.9 billion in assets under management (as o...
LONDON--(BUSINESS WIRE)-- 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. Artemis offers a range of funds that invest in the UK, Europe, the US and around the world. It is a dedicated, active investment house specializing in providing investment management services for both retail and ins...
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