Northern Trust

“utilizing GitHub and other types of, of AI, we're seeing you know, I'm gonna call it about 20% improvement in the the programming”

Northern Trust cites roughly 20% developer-productivity gains from Microsoft's GitHub Copilot, a positive read-through for Microsoft's AI coding tools.

“Our early investments, inclusive of providing all employees with access to Copilot, are already generating measurable results.”

Northern Trust rolled out Microsoft Copilot to all employees with measurable productivity results, a positive enterprise-adoption read-through for Microsoft.

“A great example in the second quarter is our work with Timeline, one of the U.K.'s fastest-growing discretionary fund managers. As Timeline evolved its business model to launch a proprietary fund-to-funds range, Northern Trust Asset Management and Asset Servicing partner to deliver a fully integrated solution. Together, we provided investment management, fund infrastructure and operational support, enabling Timeline to scale its offering with speed and confidence.”

Northern Trust's Asset Management and Asset Servicing businesses jointly delivered investment management, fund infrastructure, and operational support to help Timeline, a fast-growing UK discretionary fund manager, launch a proprietary fund-to-funds range.

“So areas where we're using GitHub, for example, for IT or software development automation, which, again, we're getting I'll say, very good results on that front, but it's in the very early days.”

Northern Trust is using Microsoft's GitHub for IT and software development automation as part of its early-stage generative AI productivity push.

“So on the balance sheet, Gerard, it said zero. So it has not been, you know, marked up, if you will. And at this point, I would consider it, you know, restricted. If Visa does create the opportunity to liquidate an additional portion of that.”

Northern Trust still holds a Visa equity stake carried at zero on its balance sheet, restricted, with an estimated $1.1 billion pretax unrealized gain, after liquidating half its position previously.

“Expanding upon our longstanding relationship with private equity firm Alchemy Partners, we were awarded the asset servicing business for a new $1 billion special opportunities fund launch.”

Northern Trust expanded its longstanding relationship with private equity firm Alchemy Partners, winning asset-servicing business for a new $1 billion fund.

“we were selected as the global outsourced private capital administration provider for Ignio Infrastructure Partners, a $20 billion alternatives manager specializing in global infrastructure investments”

Northern Trust won a new asset-servicing mandate as global outsourced private capital administrator for Ignio Infrastructure Partners, a $20 billion alternatives manager.