Northern Trust has held its second Charity Trading Day, with employees across the world participating to benefit four global charities, aligned with the company’s philanthropic strategy.
As part of Achieving Greater Together, Northern Trust’s signature month of service, a total of $700,000 will be donated to the charities: Global Red Cross and Red Crescent Network, Ronald McDonald House Charities (RMHC), War Child and World Central Kitchen.
In the coming year, Northern Trust employees and clients will also donate thousands of volunteering hours in support of a number of the charities’ projects across the globe. The global effort, led by Northern Trust Asset Servicing, aligns with the company’s long-term community investment strategy to support those who have been marginalized with more opportunities to achieve long-term financial success.
“Our first Charity Trading Day in 2022 benefited global housing non-profit Habitat for Humanity International, with our employees donating many volunteering hours as well,” said Pete Cherecwich, president of Northern Trust Asset Servicing. “This year, we are delighted to make an even broader impact in our communities by supporting charities that collectively align with all four pillars of Northern Trust’s philanthropic focus: accessible healthcare, affordable housing, educational excellence and food security.”
Charity Trading Day is a cornerstone of the Asset Servicing business unit’s support for Northern Trust’s philanthropic strategy. The day involved hundreds of Asset Servicing employees, from trading and operations, through to client servicing and compliance and followed the sun across Capital Markets trading desks starting in Sydney and on to Singapore, London and Chicago.
“The exceptional support of our clients and trading partners has been invaluable in helping us spread awareness for these deserving causes,” said Guy Gibson, global head of Northern Trust Capital Markets, Banking & Treasury Services. “We are also grateful to our employees who volunteered during the month of Achieving Greater Together in further support of their missions.”
Following the October month of service, employees will also have the opportunity to come together with clients and volunteer for the charities through 2024 in line with Northern Trust’s commitment to give back to the communities in which we live and work.
Northern Trust Capital Markets* provides brokerage, foreign exchange, securities finance and transition management services. It is a division of Northern Trust Asset Servicing, which provides asset servicing, fund administration and middle office solutions to institutional asset managers and asset owners around the globe.
Source: Northern Trust
