Northern Trust Corporation (NTRS) Presents at Goldman Sachs 2025 U.S. Financial Services Conference Transcript
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Financial Services Conference December 10, 2025 11:20 AM EST Company Participants Michael O'grady - Chairman & CEODavid Fox - Executive VP & CFO Conference Call Participants Alexander Blostein - Goldman Sachs Group, Inc., Research Division Presentation Alexander BlosteinGoldman Sachs Group, Inc., Research Division Great. Well, I think we'll get started with our next session. Thank you, everybody, for joining us. Hope everyone is still having productive day here at Goldman Sachs. It's my pleasure to introduce Mike O’Grady, CEO of Northern Trust; and Dave Fox, the firm's CFO. With about $14.5 trillion in custody assets and $1.8 trillion in assets under management. Northern Trust is one of the largest global custodians with unique capabilities in the ultra-high net worth space within the wealth management channel as well. Over the course of 2025, Northern continue to pivot the business towards more profitable areas of organic growth, delivered better-than-expected NII results while also remaining hyper-focused on operating expenses. So with lots going on in the business. Thank you guys for joining us. Always a pleasure to have you here this time with the year to get your thoughts into how you're wrapping up '25 and your early thoughts in '26. So we'll get to all of that. So thank you for being here. Question-and-Answer Session Alexander BlosteinGoldman Sachs Group, Inc., Research Division Look, why don't we start kind of there, right? So over the course of '25, you've made several strategic shifts, including kind of leaning more into the more sort of profitable institutional growth managing the balance sheet really well, making also a number of leadership changes. As you look out into 2026, talk to us a little bit about your top priorities for the firm and also some of the key milestones we should be mindful of for Recommended For You