Northern Trust Announces New Appointments to its Board of Directors
CHICAGO,
Northern Trust Corporation (Nasdaq: NTRS), a leading provider of wealth management, asset servicing, asset management, and banking to institutions, families, and individuals worldwide, announced today the appointments of two new members to its board of directors:
Robert (Bob) Moritz
Effective March 1, 2025, Bob Moritz, the former global chairman of PricewaterhouseCoopers (PwC), will join the Northern Trust Board of Directors. Moritz spent more than 34 years at PwC, where he held various leadership roles, including senior partner and managing partner of the U.S. firm. He led the firm’s U.S. and global assurance practices and served as the U.S. chairman and senior partner from 2014 to 2018.
Richard (Rick) Petrino
Joining the Northern Trust Board of Directors effective immediately is Richard (Rick) Petrino, a former American Express Company executive. Petrino most recently served as the vice chairman and president of the Global Consumer Services Group at American Express from 2011 to 2018. Prior to that, he held various leadership positions in the company’s consumer, small business, and global merchant services groups.
Impact on Individuals
For individuals who are clients of Northern Trust, these appointments may bring about positive changes in the services and offerings provided by the company. Moritz and Petrino bring a wealth of experience and expertise in financial services, assurance, and leadership. Their insights and knowledge could lead to innovative solutions and improved customer experiences.
Impact on the World
The addition of Moritz and Petrino to the Northern Trust Board of Directors could have a significant impact on the financial services industry as a whole. With their extensive backgrounds and experience, they may contribute to advancements in wealth management, asset servicing, and asset management. Their insights could also influence the industry’s approach to risk management, regulatory compliance, and innovation.
Conclusion
Northern Trust’s announcement of the appointments of Bob Moritz and Richard Petrino to its board of directors marks an exciting time for the company and the financial services industry. With their wealth of experience and expertise, Moritz and Petrino are poised to bring about positive changes and innovations to Northern Trust’s offerings for its clients. Their impact on the industry as a whole could be significant, as they contribute to advancements in wealth management, asset servicing, and asset management.
- Northern Trust announces the appointment of Bob Moritz and Richard Petrino to its board of directors.
- Moritz, the former global chairman of PricewaterhouseCoopers, joins effective March 1, 2025.
- Petrino, a former American Express Company executive, joins effective immediately.
- These appointments may bring about positive changes and innovations for Northern Trust’s clients.
- The impact on the financial services industry could be significant, with potential advancements in wealth management, asset servicing, and asset management.
