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After State Street's $3.5 billion deal, a scarcity of targets for rivals

After State Street's $3.5 billion deal, a scarcity of targets for rivals
americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.

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Diversity, Equity and Inclusion: Debunking the Myths

Diversity in leadership shines a brighter light on business and investment outcomes
Diverse leaders excel and lead across all sectors of the investment industry today. As decision-makers in their organizations, women and racial and ethnic-minority professionals bring their unique viewpoints and experiences to allocating capital, making investment decisions and helping recognize and promote diverse talent that mirrors the communities and companies they invest in.
“The vibrancy of dialogue around diversity, equity and inclusion across organizations is certainly more amplified today than it’s ever been,” said Nancy Sims, president and chief executive officer of the Robert Toigo Foundation, an Oakland, Calif.-based nonprofit that has been “addressing the intersection between talent and opportunity in the industry for over 30 years.” ....

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Northern Trust names new wealth management president of Wisconsin

Northern Trust names new wealth management president of Wisconsin
Bradley Peters promoted to replace retiring James Kuehn
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Bradley Peters
Chicago-based Northern Trust announced today James Kuehn will retire as wealth management president of Wisconsin, and Bradley Peters will be promoted to fill that role. Peters has more than 30 years of experience in wealth…
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James Kuehn will retire as wealth management president of Wisconsin, and
Bradley Peters will be promoted to fill that role.Peters has more than 30 years of experience in wealth management. Most recently, he was investment advisor and team leader for Northern Trust’s Client Advisory Team in Milwaukee. He joined Northern Trust in 2005 and prior to his role in Milwaukee, served as Investment Team Leader for Northern Trust in Lake Forest, Illinois. He received his bachelor of business administration degree in Accounting from the University of Wisconsin-Whitewater. ....

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Northern Trust cutting 500 from global staff

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Chicago-based Northern Trust, its earnings pressured by record low interest rates, said Friday it is laying off 500 people from its worldwide staff.
The reductions represent about 2.5% of the bank’s global headcount of 20,700 employees. Spokesman Doug Holt did not say how many of the cuts will be in Chicago, where he said Northern Trust had 6,500 people working at the end of 2020.
“Given current market conditions, we are compelled to make a number of difficult staffing decisions,” Holt said. “These decisions are designed to ensure our resources are being used in the most prudent manner to meet our clients’ needs and execute on our long-term strategic priorities. The reductions are global.” ....

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