First quarter 2010 net income of US$157.2 Million
Northern Trust Corporation reported first quarter net income per common share of US$0.64 compared with net income per common share of US$0.61 in the first quarter of 2009.
IFRS valuation toolkit launched
Northern Trust has created an “IFRS Valuation Toolkit” to assist institutional clients with the additional fair value measurement disclosures required by the International Financial Reporting Standards 7 (IFRS 7) and similar financial reporting standards.
Spotlight on Northern Trust in the Nordics
In a recent interview with Funds Europe magazine, Madeline Senior, Managing Director of the Nordics, discussed the development of Northern Trust’s presence and service range in the region.
Issues discussed in the resulting article include the separation of alpha and beta investment in the Nordic markets, Northern Trust’s partnership with Swedish bank Handelsbanken, and the appetite for tailored technology solutions among institutional investors.
Debating the future of transition management
Simon Hutchinson, Northern Trust’s Head of Transition Management for Europe, Middle East, Africa and Asia-Pacific, recently participated in a Global Pensions magazine roundtable on the evolution of the industry through the global financial crisis.
Areas discussed at the roundtable included the blurring lines between the buy-side and sell-side, the difficulties of evaluating transition management services and the challenges that could impact the industry in the future.
Institutional investment managers expect increasing volatility amid growth
Institutional investment managers are anticipating increased market volatility and higher interest rates but remain bullish on corporate profits and global economic growth in the near term, according to a quarterly survey conducted by Northern Trust Global Advisors.