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Northern Trust is enhancing the digitization of unstructured data specifically for alternative asset investors. This initiative aims to improve the management and accessibility of data, ultimately benefiting investment strategies and decision-making processes. The move reflects a growing trend in the financial sector towards leveraging technology for better data utilization.
Wells Fargo has lowered its price target for Northern Trust (NTRS) to $118 from $119 while maintaining an Equal Weight rating. The adjustment comes amid a cautious Q1 earnings outlook due to policy uncertainties, leading to a 4% reduction in Q1 estimates and a 2% cut through 2027. Despite this, the firm remains optimistic about the banking sector's long-term prospects, citing significant deregulation.
David Crawford of Nordea Asset Management emphasizes the need for asset managers to engage in climate initiatives to achieve Net Zero targets, expressing disappointment over firms withdrawing from Climate Action 100+ and the Net Zero Asset Managers initiative. Despite challenges, including a lack of support from the US government, there are significant investment opportunities in companies transitioning to sustainable practices. Recent research indicates a growing commitment among UK pension schemes to adopt net zero targets and adjust asset allocations to address climate risks.
Northern Trust Asset Management has appointed Tim Brown as the new head of UK sales, based in London. He will lead the regional sales team and enhance the company's UK presence, collaborating closely with the asset servicing sales team and Michelle Inskip, head of consultant relations for EMEA. Brown brings over 25 years of experience from his previous role at Dimensional Fund Advisors and has held positions at Credit Suisse and UBP.
Northern Trust Asset Management has appointed Tim Brown as the head of UK sales, based in London. In this newly-created role, he will drive the sales strategy and expand the firm's presence in the UK, overseeing a local sales team and collaborating with the asset servicing sales team. Brown will report to Rutger Maenen, Emea head of sales, and work closely with Michelle Inskip, head of consultant relations, Emea.
JPMorgan Chase has rebranded its diversity, equity, and inclusion (DEI) practices to "Diversity, Opportunity & Inclusion" and announced its exit from the Net-Zero Asset Managers initiative amid a broader industry trend of distancing from DEI terminology and climate alliances. The changes reflect a shift in focus towards merit-based hiring and streamlined diversity programs, as the bank navigates increasing scrutiny from activists and policymakers.
Around 600 foreign companies have established their regional headquarters in Saudi Arabia, attracted by a program offering a 30-year tax relief package, including zero% corporate income tax. This initiative, launched in 2021, aims to enhance the economy and position Riyadh among the top 10 city economies globally by 2030. Factors such as modern infrastructure, a skilled workforce, and strategic location further bolster the Kingdom's appeal to multinational corporations.
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Northern Trust advances digital solutions for unstructured data in alternative assets
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