Northern Trust Corporation announced today that Chairman and Chief Executive Officer Frederick H. Waddell and Executive Vice President and Chief Financial Officer S. Biff Bowman will speak at the Goldman Sachs US Financial Services Conference on Tuesday, December 9, 2014 at 11:30 a.m. (ET) at the Conrad Hotel in New York City.
Northern Trust (Nasdaq: NTRS) today marks the official opening of its Manila office in the Philippines. The office, which will support processing and back-office functions for Northern Trusts global clients, is Northern Trusts third Asia-Pacific office established this year and supports its growing international business across the region.
In response to the continued negative yield environment, the asset management arm of Northern Trust (Nasdaq: NTRS) has launched a variable net asset value (VNAV) fund as part of its money market fund range.
Close to 45 percent of institutional investors surveyed at a recent event hosted by Northern Trust (Nasdaq: NTRS) in Stockholm felt that data aggregation posed the greatest business challenge in achieving the highest standards of governance, monitoring and oversight. Respondents placed cost and internal resources (29 percent) as their next greatest challenge, followed closely by ensuring investment transparency (21 percent).
Institutional plan sponsors lost almost 1 percent in the third quarter at the median, according to Northern Trust Universe data. Longer term performance remains strong, with 1-year returns for all plan types averaging 10 percent or greater.
Northern Trust has been named Best Private Bank in the USA for the sixth consecutive year by Professional Wealth Management (PWM) and The Banker magazines, both published by The Financial Times Group. Northern Trust, a leading provider of Wealth Management services for affluent individuals, families and family offices, was also named Best Private Bank for Socially Responsible Investing.
Volunteers from Northern Trusts (Nasdaq: NTRS) London office, in collaboration with the Royal Philharmonic Orchestra (RPO), have helped children with special educational needs at Paddock Secondary School explore their ambitions, goals and dreams through music.
Northern Trust Corporation (Nasdaq: NTRS), holding company of The Northern Trust Company, today declared a quarterly cash dividend of $0.33 per share on its common stock ($1.66-2/3 par value), payable on January 1, 2015 to stockholders of record on December 5, 2014.