Northern Trust has been giving back to the community since 1893 when founder, Byron L. Smith seeded a relief fund for victims of a devastating fire that broke out at the World's Fair.
In 2020 we built on that heritage, introducing a new, highly focused philanthropic strategy. Learn more about our current strategy and hear from Director of Philanthropy Shana Hayes in our annual report: http://bit.ly/3r8drhT
Over the last 10 years Northern Trust employees have donated more than 1 million hours of their time. As part of National Volunteer Month, we celebrate this commitment by highlighting some of our past volunteering efforts.
In 2020, asset managers adjusted to the new normal. What new trends are apparent and how will they impact operational risk in the year ahead?
By Vincent Molino, Head of Operational Risk Management Solutions
While 2020 presented challenges for the investment industry, it also forced many to reassess what it means to operate as part of an organization with physical separation, all while businesses were forced to make a sudden pivot into social distancing and remote operations. Even with the prospects of a return to normalcy coinciding with the rollout of various COVID-19 vaccines, many will remain at home carrying out work remotely and into the near future.
Working with Colorado Coalition for the Homeless (CCH), Northern Trust has invested a total of $13.2 million in equity to finance medical respite and housing for people experiencing homelessness.
Northern Trust’s Community Development & Investment Group used New Market Tax Credits and Low Income Housing Tax Credits for its equity investment in the downtown Denver project, called the Stout Street Recuperative Care Facility and Renaissance Legacy Lofts. Northern Trust’s investment closed January 2021.
Mike Hunstad, head of quantitative strategies for Northern Trust Asset Management, has watched socially responsible investing move way beyond negative screens that defined the space 30 years ago and he contends that investors “can have their cake and eat it too.”
“Stem subjects are a versatile preparation for almost any job – they open doors because they demonstrate not just the subject matter but an intellectual rigour in how you think and learn. They are the key to an exciting future!”
In celebration of Women In Science Day, Alison Pain shares more about her role at Northern Trust as chief technology officer, EMEA, and the importance of encouraging women and girls into careers in STEM.