Northern Trust

Northern Trust Named Best Private Bank for Family Offices and Succession Planning

Retrieved on: 
Friday, November 10, 2023
Professional Services, Finance, Asset Management, Banking, Personal Finance, Accounting, Woman, Research, Equal housing lender, Overseas Private Investment Corporation, Bank, GFO, Professional Wealth Management, Financial Times, FDIC, Private banking, HarbourVest Global Private Equity, Publication, Succession planning, Financial services, Northern Trust

Northern Trust, a leading provider of wealth management services, has taken top honors in two categories from Professional Wealth Management and The Banker magazines, publications of the Financial Times Group:

Key Points: 
  • Northern Trust, a leading provider of wealth management services, has taken top honors in two categories from Professional Wealth Management and The Banker magazines, publications of the Financial Times Group:
    “Best Private Bank for Family Offices, U.S.”
    “Best Private Bank for Succession Planning, U.S.”
    In addition, Northern Trust was named Highly Commendable for the categories Best Private Bank in the U.S. and Best Private Bank for Wealthy Women, North America.
  • “There were several initiatives from Northern Trust which the judges felt worthy of note,” said Yuri Bender, editor-in-chief of Professional Wealth Management.
  • “Firstly, the role of the Northern Trust Institute in providing research and advice for both advisers and clients is a valuable asset for the business.
  • Northern Trust Wealth Management offers holistic wealth management services for affluent individuals and families, family offices, foundations and endowments, and privately held businesses.

NAIC Welcomes Harland R. Abraham as Vice President of Development

Retrieved on: 
Tuesday, December 12, 2023
Corporation, Business development, Chief business development officer, Tertiary Institutions Service Centre, Public, Bachelor of Electrical Engineering, Electrical engineering, Investment, National Association, NAIC, Talent management, United States patent law, University, Northern Trust, Patent, FSI, Cleveland State University, Grocery store, Management, Engineering, Development

WASHINGTON, Dec. 12, 2023 /PRNewswire/ -- The National Association of Investment Companies (NAIC), the largest network of diverse-owned alternative investment firms, announced the appointment of Harland R. Abraham as Vice President of Development.

Key Points: 
  • WASHINGTON, Dec. 12, 2023 /PRNewswire/ -- The National Association of Investment Companies (NAIC), the largest network of diverse-owned alternative investment firms, announced the appointment of Harland R. Abraham as Vice President of Development.
  • At INROADS, Abraham demonstrated exceptional leadership in Strategic Account Management, Business Development, the Financial Services Institute (FSI), Government Sector, and Talent Management.
  • Abraham also served as Vice President in the Public and Taft-Hartley Funds Division, Corporate & Institutional Services, for The Northern Trust Company in Chicago, IL and Washington, DC.
  • "Having worked with Harland Abraham for many years, I am excited to add his experience, talent and passion for diversity to NAIC's new business development efforts," said Robert L. Greene, President and CEO.

Middle Office Outsourcing Market to grow by USD 3.67 billion between 2023 - 2028, Growth Driven by Need for new technologies and budget constraints - Technavio

Retrieved on: 
Friday, December 8, 2023
Cloud, BAU, Data, Investment, JPMorgan Chase, BNP Paribas, ISO, Northern Trust, Crédit Agricole, State Street Corporation, USD, Bank, Growth, Royal Bank of Canada, ISO 9001:2015, AI, SEI, Citigroup, Certification, Accenture, Fine chemical, Geography

NEW YORK, Dec. 8, 2023 /PRNewswire/ -- The Middle Office Outsourcing Market report has been added to Technavio offering.

Key Points: 
  • NEW YORK, Dec. 8, 2023 /PRNewswire/ -- The Middle Office Outsourcing Market report has been added to Technavio offering.
  • The potential growth difference for the middle office outsourcing market between 2023 and 2028 is USD 3.67 billion.
  • The need for new technologies and budget constraints are driving the middle office outsourcing market growth.
  • Therefore, asset managers need to follow a systematic approach to implement middle office outsourcing models, which can hinder market growth during the forecast period.

59th Annual Austin Trail of Lights Kicks Off December 1

Retrieved on: 
Thursday, November 30, 2023
Online, Seating assignment, Silicon Labs, Vista Equity Partners, City, SHI, University, Tex-Mex, Silicon, Kendra Scott, Code of Support Foundation, Calendar, Broadway Bank, KXAN, Trail, Partnership, Holiday Trail of Lights, Fun Run, Iconic, STARS, Nightclub, Northern Trust

AUSTIN, Texas, Nov. 30, 2023 /PRNewswire/ -- Tickets to the 59th annual Austin Trail of Lights, powered by H-E-B, are available online at www.austintrailoflights.org. While general admission passes to the longest running holiday tradition of its kind in Texas' capital city are free and open-to-the-public seven out of the festival's 14 nights, limited quantities of tickets to the annual Night Lights Preview Party (Dec. 1), presented by Broadway Bank, and registrations for the 12th annual Fun Run (Dec. 2), presented by Chuy's, are also available.

Key Points: 
  • Passes to the Iconic Holiday Festival Available Online; Support Foundation with First Look at Night Lights Preview Party
    AUSTIN, Texas, Nov. 30, 2023 /PRNewswire/ -- Tickets to the 59th annual Austin Trail of Lights, powered by H-E-B, are available online at www.austintrailoflights.org .
  • The Trail of Lights Foundation suggests visiting the 2023 Austin Trail of Lights event calendar to see which nights offer free entry and which nights carry an entry fee, and choose from a variety of premium ticket options.
  • Premium tickets serve to help fund Trail operations, the STARS non-profit access program, and free General Admission nights.
  • December 8th: 59th Annual Grand Opening hosted by The Trail of Lights Foundation and H-E-B.

ANNOUNCING THE 2024 YOUNGARTS AWARD WINNERS

Retrieved on: 
Thursday, November 30, 2023
Rockefeller Brothers Fund, Denyce Graves, County, YoungArts, Ragamala Dance Company, PwC, Division, Music, Culture, United, Sun Chips, Photography, UBS, Department of Cultural Affairs, Agency for Cultural Affairs, Northern Trust, Human, Ranee, Auction, Film industry, Anthropologie, The arts

MIAMI, Nov. 30, 2023 /PRNewswire/ -- YoungArts announces the 2024 YoungArts award winners— nearly 700 of the most accomplished young visual, literary and performing artists from across the country, heralding the next generation of artists to watch. YoungArts award winners are selected through a highly competitive application, which is reviewed by panels of esteemed, discipline-specific artists in a rigorous adjudication process. 2024 YoungArts award winners join a distinguished community of artists who are offered creative and professional development support throughout their careers. A complete list of the 2024 winners, all 15–18 years old or in grades 10–12, is available online at youngarts.org/winners.

Key Points: 
  • YoungArts award winners are selected through a highly competitive application, which is reviewed by panels of esteemed, discipline-specific artists in a rigorous adjudication process.
  • All YoungArts award winners have demonstrated exceptional technique, a strong sense of artistry, and an extraordinary commitment to developing their crafts.
  • 2024 YoungArts winners also have the opportunity to participate in YoungArts Labs, all-expenses paid learning intensives with field-defining artists working in New York and Los Angeles.
  • Among the 2024 class of YoungArts award winners, panelists also select a smaller group of particularly outstanding YoungArts winners with distinction.

Transform Wealth Hires TJ Maxfield as Financial Advisor

Retrieved on: 
Thursday, November 16, 2023
Growth, Interior design, Creative industries, Northern Trust

DENVER, Nov. 16, 2023 /PRNewswire/ -- Transform Wealth is pleased to announce it has hired TJ Maxfield as a Financial Advisor.

Key Points: 
  • DENVER, Nov. 16, 2023 /PRNewswire/ -- Transform Wealth is pleased to announce it has hired TJ Maxfield as a Financial Advisor.
  • Maxfield brings over a decade of industry experience to Transform Wealth, having most recently worked at Northern Trust.
  • "We're thrilled to have TJ join our team," said Nathan Kubik, CEO of Transform Wealth.
  • "We've known TJ for a long time and had several discussions over the years about potentially joining Transform," said David Kubik, President of Transform Wealth.

Northern Trust’s Annual Monthlong Service Effort Sets New Records

Retrieved on: 
Wednesday, November 8, 2023
Finance, Banking, Other Philanthropy, Professional Services, Philanthropy, Meal, United Kingdom, Social media, Work, Organization, Trust, Feeding America, Pharmaceutical industry, Northern Trust

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
University of Sunderland, Binghamton University, Drew University, Head, Honor, Bachelor of Science, Organization, Knight Capital Group, Growth, State Street Global Advisors, DWS Group, Behavioural sciences, Business studies, University, LGIM, CFA, Milwaukee, Philosophy, Cryptocurrency, Northern Trust, Economics

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.