Northern Trust

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

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

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

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

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

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.

Heritage Bank of Commerce Hires Susan Just as Chief Credit Officer

Retrieved on: 
Monday, July 31, 2023

SAN JOSE, Calif., July 31, 2023 (GLOBE NEWSWIRE) -- Heritage Bank of Commerce (the “Bank”), a subsidiary of Heritage Commerce Corp (Nasdaq: HTBK), today announced the appointment of Susan Just as Executive Vice President and Chief Credit Officer, effective September 7, 2023. She will replace the current Executive Vice President and Chief Credit Officer, Margo Butsch, who recently announced her retirement. Ms. Butsch has agreed to assist in an orderly transition process.

Key Points: 
  • SAN JOSE, Calif., July 31, 2023 (GLOBE NEWSWIRE) -- Heritage Bank of Commerce (the “Bank”), a subsidiary of Heritage Commerce Corp (Nasdaq: HTBK), today announced the appointment of Susan Just as Executive Vice President and Chief Credit Officer, effective September 7, 2023.
  • She will replace the current Executive Vice President and Chief Credit Officer, Margo Butsch, who recently announced her retirement.
  • Ms. Just brings nearly 30 years of credit administration expertise and was most recently the Executive Vice President, Chief Credit Officer of Santa Cruz County Bank.
  • “We are thrilled to welcome Susan to the team,” said Clay Jones, President and Chief Executive Officer at Heritage Bank of Commerce.

J.P. Morgan Private Bank announces new U.S. Family Office Practice

Retrieved on: 
Wednesday, July 26, 2023

NEW YORK, July 26, 2023 /PRNewswire/ -- J.P. Morgan Private Bank today announced the launch of its U.S. Family Office Practice , a new effort that will support the Private Bank's largest clients and their family enterprises, and expand its suite of family office services.

Key Points: 
  • NEW YORK, July 26, 2023 /PRNewswire/ -- J.P. Morgan Private Bank today announced the launch of its U.S. Family Office Practice , a new effort that will support the Private Bank's largest clients and their family enterprises, and expand its suite of family office services.
  • The U.S. Family Office Practice will be bolstered by a strong leadership and advisory team from across the Private Bank.
  • Elisa Shevlin Rizzo has joined the firm as the Head of Family Office Advisory for J.P. Morgan Private Bank and the new practice.
  • McCree's decade of experience at J.P. Morgan will serve the new practice as he works to uncover opportunities to grow the ultra-high-net-worth Private Bank business across the U.S.
    To learn more about J.P. Morgan Private Bank's new U.S. Family Office Practice, visit here .

Morgan Freeman Honored at Oceana’s 16th Annual SeaChange Summer Party in Orange County

Retrieved on: 
Monday, July 24, 2023

DANA POINT, Calif., July 24, 2023 (GLOBE NEWSWIRE) -- On Saturday, July 22, supporters gathered at Oceana’s 16th annual SeaChange Summer Party in Dana Point, Calif., to celebrate a wave of victories for the oceans and raise more than $1.5 million in support of Oceana’s ocean conservation campaigns in California and around the world. The event honored Academy Award-winning actor and advocate Morgan Freeman, and recognized president of the Surf Industry Members Association and CEO of Vissla, Paul Naudé, as its Ocean Champion. Hosted by actress, comedian, screenwriter, and producer June Diane Raphael, the event concluded with a private concert by Third Eye Blind.

Key Points: 
  • The event honored Academy Award-winning actor and advocate Morgan Freeman, and recognized president of the Surf Industry Members Association and CEO of Vissla, Paul Naudé, as its Ocean Champion.
  • Hosted by actress, comedian, screenwriter, and producer June Diane Raphael, the event concluded with a private concert by Third Eye Blind.
  • Because a healthy ocean is every child’s rightful inheritance.”
    Oceana CEO Andrew Sharpless introduced event honoree, Morgan Freeman, highlighting Freeman’s unwavering commitment to ocean conservation.
  • Over the past 16 years, Oceana’s SeaChange Summer Party has raised more than $19 million to address some of the biggest threats facing the oceans.

Riko's Pizza Continues Impressive Growth and Begins National Expansion

Retrieved on: 
Wednesday, July 19, 2023

STAMFORD, Conn., July 19, 2023 /PRNewswire/ -- Riko's Pizza ("Riko's" or the "Company")—a highly differentiated pizza franchise concept famous for its thin crust pies, local neighborhood atmosphere, and extensive selection of craft drinks—announced today several key growth updates as the Company begins its strategic expansion throughout the United States.

Key Points: 
  • With the addition of these two franchise-owned locations, Riko's will have 10 sites across three states—Connecticut, Florida, and New York—by the start of 2024.
  • The Company first entered the Florida market with the opening of a franchise-owned location in Tequesta (Jupiter) last year.
  • These include operations in multiple key growth markets, such as Austin, Texas; Charleston, South Carolina; and Suffolk County, New York (Long Island).
  • For more information about Riko's Pizza, including franchisee opportunities, please CLICK HERE .

Northern Trust Corporation Reports Second Quarter 2023 Financial Results

Retrieved on: 
Wednesday, July 19, 2023

Northern Trust Corporation has released its second quarter 2023 financial results.

Key Points: 
  • Northern Trust Corporation has released its second quarter 2023 financial results.
  • Northern Trust’s second quarter earnings conference call will be webcast on July 19, 2023.
  • The live call will be conducted at 9:00 a.m. CT and is accessible on Northern Trust’s website at the address noted above.
  • A recording of the live call will be available on Northern Trust’s website following the live event, for approximately four weeks.