Mandate represents over $60 billion is assets as UK pension funds leverage a united scheme to make cost savings on their global custody agreement. The post Eight UK pension schemes appoint Northern Trust to provide global custody services appeared first on Global Custodian The Leading quarterly magazine covering the international securities services industry .
Philadelphia Board of Pensions & Retirement hired MFS Investment Management and Fidelity Investments to manage $75 million each in global low-volatility equities strategies and selected Northern Trust as its global custodian, recently released meeting minutes show. The board selected the managers and custodian on May 27. PanAgora Asset Management was the other finalist for the low-volatility search. The search for a custodian was launched in October to comply with city ordinance requiring contracts to go out to rebid every four years. Northern Trust replaces the board''s current custodian, J.P. Morgan Chase, which did not rebid, according to meeting minutes. Christopher DiFusco, chief investment officer of the $6.4 billion pension fund, could not be immediately reached for additional information.
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(RTTNews) - Northern Trust Corp. (NTRS) released earnings for its second quarter that rose from the same period last year. The company''s profit totaled $363.4 million, or $1.72 per share. This compares with $308.5 million, or $1.46 per share, in last year''s second quarter. Analysts had expected the company to earn $1.72 per share, according
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CHICAGO--(BUSINESS WIRE)--Northern Trust Corporation has released its second quarter 2021 financial results. Results can be found on Northern Trusts website at: https://www.northerntrust.com/about-us/investor-relations Webcast of Second Quarter Earnings Conference Call Northern Trusts second quarter earnings conference call will be webcast on July 21, 2021. The live call will be conducted at 9:00 a.m. CT and is accessible on Northern Trusts website at the address noted above. A recording of
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CHICAGO--(BUSINESS WIRE)--Northern Trust released its latest Corporate Social Responsibility report today, marking a full decade of transparent, detailed information across the company. During a period of extraordinary social, health and economic challenges, 2020 was a year that for Northern Trust focused on compassion, communication and support, Chairman and Chief Executive Officer Michael OGrady said. We are pleased to report on progress toward creating long-term value for our clients, em
Summary List Placement Despite two financial crises and a once-in-a-century pandemic, global wealth surged to $418.3 trillion at the end of 2020 from $117.9 trillion in 2000, per Credit Suisse . Whether they''re rags-to-riches entrepreneurs or old-money heirs, many of the wealthy have created their own family offices to oversee their assets. Citi estimates that as many as 15,000 family offices have been created in the past two decades alone. These offices vary in size and purpose, from hedge-fund-esque vehicles with chief investment officers and hundreds of employees to small operations with a few employees who handle bill pay and outsource services like wealth management. It''s pricier than going to multifamily offices even billionaires balk at paying a CEO $500,000 but for some, it''s worth it to have complete control and confidentiality. Insider spoke with more than a dozen family-office professionals to find out who the wealthy go to when deciding to set up their own shops. Whether they''re lawyers or wealth managers, here are 21 must-know family-office experts.
Strategy Targets 30-50 Percent Reduction in Carbon Intensity of the Portfolio, Relative to Benchmark Northern Trust Asset Management (NTAM), one of the world''s leading investment managers, continu
SANTA CRUZ, Calif. , July 12, 2021 /PRNewswire/ -- Santa Cruz County Bank (OTCQX: SCZC ), today announced Susan Just has joined the bank as Executive Vice President and Chief Credit Officer. Ms. Just has an extensive background in commercial lending, structured finance, and credit risk management, including loan review, regulatory compliance, and ALLL. She has held senior credit roles at major banks across the country including JPMorgan Chase, Northern Trust, and Bank of Montreal. Ms. Just''s 30-year career includes credit portfolio management of loan portfolios up to $8.5 billion . Early in her career, with JPMorgan Chase and its predecessor organizations, Ms. Just established herself as a proficient underwriter of commercial, corporate, and securitized transactions, taking on roles of increasing responsibility and managing multi-billion-dollar transactions. Following her 17-year tenure at JPMorgan, Ms. Just changed her focus to community banking and broader credit risk management. She served as Senior Credit Officer at First Chicago Bank & Trust, a $1.1 billion community bank, and was responsible for integrating and streamlining the credit functions of its merged predecessor banks.
Global Family Office Assets Under Management Market Research Report 2021 that targets and provides COVID-19 Outbreak comprehensive market analysis with prospects to 2026. The analysts of the study have acquired, extensive research methodologies and data sources (i.e. Secondary & Primary Sources) to generate collective and useful information that delivers the latest market undercurrents and industry […]
On the go: The circa £4.2bn West Sussex Council Pension Fund has appointed a transition manager to support the scheme as it transitions assets to the Access pool, which handles assets for 11 Local Government Pension Schemes.
LONDON: TP ICAP, the world''s biggest interdealer broker, is launching a cryptocurrency trading platform with Fidelity Investments and Standard Chartered''s digital assets custody unit, the consortium said on Tuesday. Institutional investors have warmed to the crypto sector this year and the platform, which is due to launch in the second half of the year, will initially allow them to trade bitcoin , with second-largest token ether to be added later. TP ICAP, along with Fidelity Digital Assets and Zodia Custody, launched by the venture capital arm of Standard Chartered and Northern Trust in December, is seeking to make crypto trading akin to that of traditional assets like stocks, bonds and foreign exchange. The platform will offer post-trade infrastructure with a network of digital asset custodians, the consortium said in a statement, and separate execution and settlement, something widely seen as key to greater involvement of larger risk-averse investors in the emerging crypto market. At present, crypto execution and custody services are usually rolled up in one venue, increasing credit risks.