Key Developments For Northern Trust Corporation
Northern Trust Corporation (NTRS.O) (Nasdaq)
The Northern Trust Corporation To Provide TrustPortal Solution To Financial Institutions In Kentucky, New Hampshire and Massachusetts
The Northern Trust Corporation announced that it will provide correspondent trust and custody related services for three financial institutions: Republic Bancorp, Inc. in Louisville, Ky.; Merrimack County Savings Bank in Concord, N.H.; and Essex Street Associates in Beverly, Mass.
The Northern Trust Corporation Declares Quarterly Dividend
The Northern Trust Corporation announced that it has declared a quarterly cash dividend of $0.28 per share on its common stock ($1.66-2/3 par value). The dividend is payable on January 4, 2010, to stockholders of record on its transfer books at 5:00 p.m., Chicago time, on December 10, 2009.
The Northern Trust Corporation Announces Award of Real Estate Fund Administration Mandate By Apache Capital Partners LLP
The Northern Trust Corporation announced that it has been appointed to provide fund administration services to three niche real estate funds managed by specialist boutique investment manager Apache Capital Partners LLP. Under the agreement, Northern Trust will provide services to: - Apache Roxylight UK Infrastructure Opportunity Fund - Apache UK Active Commercial Opportunity Fund - Apache Prime Central London Residential Opportunity Fund.
The Northern Trust Corporation Announces Change In CFO
The Northern Trust Corporation announced that Steven L. Fradkin, Executive Vice President and Chief Financial Officer (CFO), has been named President of Northern Trust's Corporate & Institutional Services Business Unit. William L. Morrison, Executive Vice President and co-President of Personal Financial Services, will assume Mr. Fradkin's role as CFO.
The Northern Trust Corporation Introduces Capital Call Modeling Tool for Private Equity Investors
The Northern Trust Corporation announced that it has introduced an reporting service that can help investors in private equity funds anticipate cash flow requirements in the short and medium term, improving their ability to manage the liquidity challenges institutional investors face when presented with sudden demands for capital funding. Private Outlook, developed jointly by Northern Trust and Sand Hill Econometrics, Inc., enables institutional clients to project likely ranges of cash flow behavior in "drawdown" types of investments, including venture capital and buy-out partnerships.
