{"success":true,"data":{"pressRelease":{"id":"143363","rtpr_id":"nBw5RpFB0a-20260915","ticker":"NTRS","exchange":"NASDAQ","all_tickers":["NTRS"],"title":"Northern Trust Survey: Asset Managers Sharpen Focus on Core Capabilities to Drive Growth","author":"Business Wire","published_at":"2026-09-15T08:00:00.332Z","article_body":"Northern Trust Survey: Asset Managers Sharpen Focus on Core Capabilities to\nDrive Growth\n\nGlobal Survey Reveals Increased Outsourcing, Heightened Cost Discipline, and\nBroader Adoption of AI As Asset Managers Refine Their Growth Strategies\n\nGlobal asset managers are concentrating resources on core capabilities,\naccelerating outsourcing of non-core activities, tightening cost controls and\nexpanding use of artificial intelligence (AI) as they pursue more disciplined\ngrowth, according to Northern Trust’s (Nasdaq: NTRS) biennial global survey\nof asset managers.\n\nNorthern Trust’s report, Driving Growth in Asset Management 2026\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.northerntrust.com%2Finsights-research%2Fasset-servicing%2F2026-driving-growth-in-asset-management&esheet=54604074&newsitemid=20260915317186&lan=en-US&anchor=Driving+Growth+in+Asset+Management+2026&index=1&md5=27083bd599cc04e43af0eaca1dd5c149)\n, is based on a survey of 300 CEOs, CIOs, operations directors and similar\nleaders at asset management firms across North America, EMEA (Europe, Middle\nEast Africa) and APAC (Asia-Pacific). Conducted in Spring 2026 by InvestOps\nInsights for Northern Trust, the study examines how asset managers’\nstrategies have changed since 2024 amid market volatility, fee pressure,\noperational complexity and the emergence of AI.\n\nKey findings at a glance\n\n\n * Focus, simplify and scale: Asset managers prioritizing product expansion fell\nto 47% from 60% two years earlier, while product reduction as a priority rose\nfrom 5% to 28% of respondents.\n\n * Outsourcing takes hold: Managers planning to achieve priorities by outsourcing\nnon-core activities more than doubled, rising from 18% in 2024 to 39% in 2026.\n\n * Cost control strategies are evolving: Offshoring emerged as the leading\ncost-control measure, cited by 69% of respondents, while outsourcing non-core\nactivities rose to 42%.\n\n * AI is entering the operating fabric: Every respondent reported deploying AI in\nsome form, led by use cases in data accuracy and quality control, document\nmanagement and research.\n\n * Distribution is becoming more targeted: More than half of respondents plan to\ntarget new client types and expand into new global markets to support growth.\n\n\"Asset managers are pursuing growth with greater discipline and a sharper\nfocus on the areas where they can differentiate,\" said Ryan Burns, head of\nAsset Managers and Private Markets, Americas at Northern Trust. \"Rather than\npursuing broad-based expansion, firms are directing resources toward\ninvestment expertise, client outcomes and distribution, while extending\nsuccessful strategies through vehicles such as ETFs, semi-liquid funds and\ncollective investment trusts.\"\n\nOutsourcing has become an increasingly important component of asset managers'\noperating models. As firms contend with cost pressures and rising complexity,\nrespondents reported greater reliance on outsourcing to streamline operations,\naccess specialized capabilities and support long-term scalability.\n\n\"Managers are doing more with fewer, more strategic partners,\" said Angelo\nCalvitto, head of Asia Pacific at Northern Trust. \"The goal is not only lower\ncost, but a more straightforward operating model with stronger control, better\nquality and the scale to support future growth.\"\n\nThe survey also highlights the growing importance of data, analytics, and\ninvestment decision support. Nearly half of respondents identified\nconsolidating data from multiple sources as their biggest data challenge,\nwhile sourcing and aggregating investment analytics emerged as the leading\nchallenge facing front-office teams. Against that backdrop, every respondent\nreported using AI in some capacity, underscoring the industry's focus on\nimproving decision-making and operational effectiveness through technology.\n\n\"AI is moving from experimentation to implementation across the industry,\"\nsaid Nick Gilbert, head of Asset Servicing, EMEA at Northern Trust. \"But its\nvalue will depend on the quality, governance and accessibility of the data\nbeneath it. This is not just a technology issue; it is an operating model and\nresilience issue.\"\n\nThe whitepaper, “Driving Growth in Asset Management 2026” can be accessed\nhere\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.northerntrust.com%2Finsights-research%2Fasset-servicing%2F2026-driving-growth-in-asset-management&esheet=54604074&newsitemid=20260915317186&lan=en-US&anchor=here&index=2&md5=e389a3a1534a70e3167226faefe31f41)\n.\n\nNorthern Trust provides a complete suite of asset servicing solutions for\nglobal investment managers including fund administration, global custody,\ninvestment operations outsourcing and data solutions – supporting a range of\ncomplex investment strategies across the full spectrum of asset classes.\n\nAbout Northern Trust\n\nNorthern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth\nmanagement, asset servicing, asset management and banking services to\ncorporations, institutions, affluent families and individuals. Founded in\nChicago in 1889, Northern Trust has a global presence with offices in 24 U.S.\nstates and Washington, D.C., and across 22 locations in Canada, Europe, the\nMiddle East and the Asia-Pacific region. As of June 30, 2026, Northern Trust\nhad assets under custody/administration of US$20.0 trillion, and assets under\nmanagement of US$2.0 trillion. For more than 135 years, Northern Trust has\nearned distinction as an industry leader for exceptional service, financial\nexpertise, integrity and innovation. Visit us on northerntrust.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fprotect.checkpoint.com%2Fv2%2Fr03%2F___https%3A%2Fwww.northerntrust.com%2Fmtrj___.YzFjOmRhd3NvbnBhcnRuZXJzOmM6b2ZmaWNlMzY1X2VtYWlsc19hdHRhY2htZW50OmNiMTlmNjk3OThmODBjNzkxYzA1MDM0YTIxYWRlZTIyOjc6Y2ZjODoyZDIyNDYwZTkyNjNiMjI3MzQ3ZWZhYTMwNzMzNzA2OWEwZmJiOWQwNTdjNmJiZjMyNzczYzA0ZDhiMzdjNmJkOnA6VDpU&esheet=54604074&newsitemid=20260915317186&lan=en-US&anchor=northerntrust.com&index=3&md5=af15a49238404c7264dd7fcbd90d7ea1)\n. Follow us on Instagram\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fprotect.checkpoint.com%2Fv2%2Fr03%2F___https%3A%2Fwww.instagram.com%2FstwymjwsywzxyhtrufsDd___.YzFjOmRhd3NvbnBhcnRuZXJzOmM6b2ZmaWNlMzY1X2VtYWlsc19hdHRhY2htZW50OmNiMTlmNjk3OThmODBjNzkxYzA1MDM0YTIxYWRlZTIyOjc6ZjkyOTo5OWVkZmNlM2E3YjgyNTUwMjc3NGJkZjU2YzRlMjIwMmM2YzNhNzM4YjBiZjMyMDFkZjNjMTMxN2I4OTZjYTllOnA6VDpU&esheet=54604074&newsitemid=20260915317186&lan=en-US&anchor=Instagram&index=4&md5=ecbea2a11a9af7444df7fdc193e5ad66)\n@northerntrustcompany or Northern Trust on LinkedIn\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fprotect.checkpoint.com%2Fv2%2Fr03%2F___https%3A%2Fwww.linkedin.com%2FhtrufsDdstwymjws-ywzxyd___.YzFjOmRhd3NvbnBhcnRuZXJzOmM6b2ZmaWNlMzY1X2VtYWlsc19hdHRhY2htZW50OmNiMTlmNjk3OThmODBjNzkxYzA1MDM0YTIxYWRlZTIyOjc6NTcxYTplZDMyYWVhNDY0MjA0ZmM1YWQ5NWU5NzVlNDhhZTRlMWYwMjQxMzc2MTQ5ZDQ5MGZlNjFjYjRhOTBkY2JmMGRhOnA6VDpU&esheet=54604074&newsitemid=20260915317186&lan=en-US&anchor=LinkedIn&index=5&md5=cdfa7a85310e7a1185636c72ab1854dd)\n.\n\nNorthern Trust Corporation, Head Office: 50 South La Salle Street, Chicago,\nIllinois 60603 U.S.A., incorporated with limited liability in the U.S. Global\nlegal and regulatory information can be found at\nhttps://www.northerntrust.com/terms-and-conditions\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fprotect.checkpoint.com%2Fv2%2Fr03%2F___https%3A%2Fwww.northerntrust.com%2Fyjwrx-fsi-htsinyntsx___.YzFjOmRhd3NvbnBhcnRuZXJzOmM6b2ZmaWNlMzY1X2VtYWlsc19hdHRhY2htZW50OmNiMTlmNjk3OThmODBjNzkxYzA1MDM0YTIxYWRlZTIyOjc6NDQ3YTo2OTQ5MDhmN2MyNjk4NGY1MjI2MWUzNmJiODRlMTY2ZDlmOTM0YzBkY2MzZTEzYTFmNzM4ZGE1MzBlMmI4YWM5OnA6VDpU&esheet=54604074&newsitemid=20260915317186&lan=en-US&anchor=https%3A%2F%2Fwww.northerntrust.com%2Fterms-and-conditions&index=6&md5=b752cd78c63c2ee2b80543311e61e5ec)\n.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260915317186/en/\n(https://www.businesswire.com/news/home/20260915317186/en/)\n\nMedia Contacts\n\nEurope, Middle East, Africa & Asia-Pacific: \n\nCamilla Greene\n\n+44 (0) 20 7982 2176\n\nCamilla_Greene@ntrs.com (mailto:Camilla_Greene@ntrs.com)\n\nSimon Ansell\n\n+ 44 (0) 20 7982 1016\n\nSimon_Ansell@ntrs.com (mailto:Simon_Ansell@ntrs.com)\n\nUS & Canada:\n\nJohn O’Connell\n\n+1 312 444 2388\n\nJohn_O'Connell@ntrs.com (mailto:John_O'Connell@ntrs.com)\n\nhttp://www.northerntrust.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.northerntrust.com&esheet=54604074&newsitemid=20260915317186&lan=en-US&anchor=http%3A%2F%2Fwww.northerntrust.com&index=7&md5=fc58f8853b3c60526c160201f5cc0204)\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw5RpFB0a-20260915","title":"Northern Trust Survey: Asset Managers Sharpen Focus on Core Capabilities to Drive Growth","author":"Business Wire","ticker":"NTRS","created":"2026-09-15T08:00:00.332Z","tickers":["NTRS"],"exchange":"NASDAQ","article_body":"Northern Trust Survey: Asset Managers Sharpen Focus on Core Capabilities to\nDrive Growth\n\nGlobal Survey Reveals Increased Outsourcing, Heightened Cost Discipline, and\nBroader Adoption of AI As Asset Managers Refine Their Growth Strategies\n\nGlobal asset managers are concentrating resources on core capabilities,\naccelerating outsourcing of non-core activities, tightening cost controls and\nexpanding use of artificial intelligence (AI) as they pursue more disciplined\ngrowth, according to Northern Trust’s (Nasdaq: NTRS) biennial global survey\nof asset managers.\n\nNorthern Trust’s report, Driving Growth in Asset Management 2026\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.northerntrust.com%2Finsights-research%2Fasset-servicing%2F2026-driving-growth-in-asset-management&esheet=54604074&newsitemid=20260915317186&lan=en-US&anchor=Driving+Growth+in+Asset+Management+2026&index=1&md5=27083bd599cc04e43af0eaca1dd5c149)\n, is based on a survey of 300 CEOs, CIOs, operations directors and similar\nleaders at asset management firms across North America, EMEA (Europe, Middle\nEast Africa) and APAC (Asia-Pacific). Conducted in Spring 2026 by InvestOps\nInsights for Northern Trust, the study examines how asset managers’\nstrategies have changed since 2024 amid market volatility, fee pressure,\noperational complexity and the emergence of AI.\n\nKey findings at a glance\n\n\n * Focus, simplify and scale: Asset managers prioritizing product expansion fell\nto 47% from 60% two years earlier, while product reduction as a priority rose\nfrom 5% to 28% of respondents.\n\n * Outsourcing takes hold: Managers planning to achieve priorities by outsourcing\nnon-core activities more than doubled, rising from 18% in 2024 to 39% in 2026.\n\n * Cost control strategies are evolving: Offshoring emerged as the leading\ncost-control measure, cited by 69% of respondents, while outsourcing non-core\nactivities rose to 42%.\n\n * AI is entering the operating fabric: Every respondent reported deploying AI in\nsome form, led by use cases in data accuracy and quality control, document\nmanagement and research.\n\n * Distribution is becoming more targeted: More than half of respondents plan to\ntarget new client types and expand into new global markets to support growth.\n\n\"Asset managers are pursuing growth with greater discipline and a sharper\nfocus on the areas where they can differentiate,\" said Ryan Burns, head of\nAsset Managers and Private Markets, Americas at Northern Trust. \"Rather than\npursuing broad-based expansion, firms are directing resources toward\ninvestment expertise, client outcomes and distribution, while extending\nsuccessful strategies through vehicles such as ETFs, semi-liquid funds and\ncollective investment trusts.\"\n\nOutsourcing has become an increasingly important component of asset managers'\noperating models. As firms contend with cost pressures and rising complexity,\nrespondents reported greater reliance on outsourcing to streamline operations,\naccess specialized capabilities and support long-term scalability.\n\n\"Managers are doing more with fewer, more strategic partners,\" said Angelo\nCalvitto, head of Asia Pacific at Northern Trust. \"The goal is not only lower\ncost, but a more straightforward operating model with stronger control, better\nquality and the scale to support future growth.\"\n\nThe survey also highlights the growing importance of data, analytics, and\ninvestment decision support. Nearly half of respondents identified\nconsolidating data from multiple sources as their biggest data challenge,\nwhile sourcing and aggregating investment analytics emerged as the leading\nchallenge facing front-office teams. Against that backdrop, every respondent\nreported using AI in some capacity, underscoring the industry's focus on\nimproving decision-making and operational effectiveness through technology.\n\n\"AI is moving from experimentation to implementation across the industry,\"\nsaid Nick Gilbert, head of Asset Servicing, EMEA at Northern Trust. \"But its\nvalue will depend on the quality, governance and accessibility of the data\nbeneath it. This is not just a technology issue; it is an operating model and\nresilience issue.\"\n\nThe whitepaper, “Driving Growth in Asset Management 2026” can be accessed\nhere\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.northerntrust.com%2Finsights-research%2Fasset-servicing%2F2026-driving-growth-in-asset-management&esheet=54604074&newsitemid=20260915317186&lan=en-US&anchor=here&index=2&md5=e389a3a1534a70e3167226faefe31f41)\n.\n\nNorthern Trust provides a complete suite of asset servicing solutions for\nglobal investment managers including fund administration, global custody,\ninvestment operations outsourcing and data solutions – supporting a range of\ncomplex investment strategies across the full spectrum of asset classes.\n\nAbout Northern Trust\n\nNorthern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth\nmanagement, asset servicing, asset management and banking services to\ncorporations, institutions, affluent families and individuals. Founded in\nChicago in 1889, Northern Trust has a global presence with offices in 24 U.S.\nstates and Washington, D.C., and across 22 locations in Canada, Europe, the\nMiddle East and the Asia-Pacific region. As of June 30, 2026, Northern Trust\nhad assets under custody/administration of US$20.0 trillion, and assets under\nmanagement of US$2.0 trillion. For more than 135 years, Northern Trust has\nearned distinction as an industry leader for exceptional service, financial\nexpertise, integrity and innovation. Visit us on northerntrust.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fprotect.checkpoint.com%2Fv2%2Fr03%2F___https%3A%2Fwww.northerntrust.com%2Fmtrj___.YzFjOmRhd3NvbnBhcnRuZXJzOmM6b2ZmaWNlMzY1X2VtYWlsc19hdHRhY2htZW50OmNiMTlmNjk3OThmODBjNzkxYzA1MDM0YTIxYWRlZTIyOjc6Y2ZjODoyZDIyNDYwZTkyNjNiMjI3MzQ3ZWZhYTMwNzMzNzA2OWEwZmJiOWQwNTdjNmJiZjMyNzczYzA0ZDhiMzdjNmJkOnA6VDpU&esheet=54604074&newsitemid=20260915317186&lan=en-US&anchor=northerntrust.com&index=3&md5=af15a49238404c7264dd7fcbd90d7ea1)\n. Follow us on Instagram\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fprotect.checkpoint.com%2Fv2%2Fr03%2F___https%3A%2Fwww.instagram.com%2FstwymjwsywzxyhtrufsDd___.YzFjOmRhd3NvbnBhcnRuZXJzOmM6b2ZmaWNlMzY1X2VtYWlsc19hdHRhY2htZW50OmNiMTlmNjk3OThmODBjNzkxYzA1MDM0YTIxYWRlZTIyOjc6ZjkyOTo5OWVkZmNlM2E3YjgyNTUwMjc3NGJkZjU2YzRlMjIwMmM2YzNhNzM4YjBiZjMyMDFkZjNjMTMxN2I4OTZjYTllOnA6VDpU&esheet=54604074&newsitemid=20260915317186&lan=en-US&anchor=Instagram&index=4&md5=ecbea2a11a9af7444df7fdc193e5ad66)\n@northerntrustcompany or Northern Trust on LinkedIn\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fprotect.checkpoint.com%2Fv2%2Fr03%2F___https%3A%2Fwww.linkedin.com%2FhtrufsDdstwymjws-ywzxyd___.YzFjOmRhd3NvbnBhcnRuZXJzOmM6b2ZmaWNlMzY1X2VtYWlsc19hdHRhY2htZW50OmNiMTlmNjk3OThmODBjNzkxYzA1MDM0YTIxYWRlZTIyOjc6NTcxYTplZDMyYWVhNDY0MjA0ZmM1YWQ5NWU5NzVlNDhhZTRlMWYwMjQxMzc2MTQ5ZDQ5MGZlNjFjYjRhOTBkY2JmMGRhOnA6VDpU&esheet=54604074&newsitemid=20260915317186&lan=en-US&anchor=LinkedIn&index=5&md5=cdfa7a85310e7a1185636c72ab1854dd)\n.\n\nNorthern Trust Corporation, Head Office: 50 South La Salle Street, Chicago,\nIllinois 60603 U.S.A., incorporated with limited liability in the U.S. Global\nlegal and regulatory information can be found at\nhttps://www.northerntrust.com/terms-and-conditions\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fprotect.checkpoint.com%2Fv2%2Fr03%2F___https%3A%2Fwww.northerntrust.com%2Fyjwrx-fsi-htsinyntsx___.YzFjOmRhd3NvbnBhcnRuZXJzOmM6b2ZmaWNlMzY1X2VtYWlsc19hdHRhY2htZW50OmNiMTlmNjk3OThmODBjNzkxYzA1MDM0YTIxYWRlZTIyOjc6NDQ3YTo2OTQ5MDhmN2MyNjk4NGY1MjI2MWUzNmJiODRlMTY2ZDlmOTM0YzBkY2MzZTEzYTFmNzM4ZGE1MzBlMmI4YWM5OnA6VDpU&esheet=54604074&newsitemid=20260915317186&lan=en-US&anchor=https%3A%2F%2Fwww.northerntrust.com%2Fterms-and-conditions&index=6&md5=b752cd78c63c2ee2b80543311e61e5ec)\n.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260915317186/en/\n(https://www.businesswire.com/news/home/20260915317186/en/)\n\nMedia Contacts\n\nEurope, Middle East, Africa & Asia-Pacific: \n\nCamilla Greene\n\n+44 (0) 20 7982 2176\n\nCamilla_Greene@ntrs.com (mailto:Camilla_Greene@ntrs.com)\n\nSimon Ansell\n\n+ 44 (0) 20 7982 1016\n\nSimon_Ansell@ntrs.com (mailto:Simon_Ansell@ntrs.com)\n\nUS & Canada:\n\nJohn O’Connell\n\n+1 312 444 2388\n\nJohn_O'Connell@ntrs.com (mailto:John_O'Connell@ntrs.com)\n\nhttp://www.northerntrust.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.northerntrust.com&esheet=54604074&newsitemid=20260915317186&lan=en-US&anchor=http%3A%2F%2Fwww.northerntrust.com&index=7&md5=fc58f8853b3c60526c160201f5cc0204)\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-09-15T08:00:00.396029373Z","server_sent_at_ms":1789459200396},"received_at":"2026-09-15T08:00:00.452Z","source_url":"https://www.businesswire.com/news/home/20260915317186/en/"},"analysis":{"id":"132193","press_release_id":"143363","analysis_json":{"industry":{"label":"Capital Markets","sector":"Financials"},"redFlags":[],"eventType":"other","narrative":"Northern Trust published its biennial global survey, Driving Growth in Asset Management 2026, based on responses from 300 CEOs, CIOs and operations leaders at asset managers across North America, EMEA and APAC.\n\nThe findings show a pivot toward focus and efficiency: product-expansion priorities fell to 47% from 60% two years earlier, product reduction rose to 28% of respondents, and managers planning to outsource non-core activities more than doubled to 39%, with offshoring the leading cost-control measure at 69%.\n\nEvery respondent reported deploying AI in some form, and more than half plan to target new client types and expand into new global markets.\n\nThe documented trends align with Northern Trust's asset-servicing franchise in fund administration, custody, outsourcing and data solutions, which oversees US$20.0 trillion in assets under custody/administration and US$2.0 trillion in AUM as of June 30, 2026.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Rising outsourcing and AI adoption among asset managers is a soft demand tailwind for NTRS asset servicing, but this is thought leadership rather than a disclosure."},"keyFigures":{"customDimensions":{"ai_adoption":"100% of respondents report deploying AI in some form","survey_regions":["North America","EMEA","APAC"],"survey_respondents":300,"assets_under_management":"US$2.0 trillion","product_expansion_priority":"47%, down from 60% two years earlier","product_reduction_priority":"28%, up from 5%","outsourcing_noncore_priority":"39% in 2026, up from 18% in 2024","offshoring_cost_control_citation":"69%","outsourcing_cost_control_citation":"42%","assets_under_custody_administration":"US$20.0 trillion"}},"quotedText":"Asset managers are pursuing growth with greater discipline and a sharper focus on the areas where they can differentiate","namedEntities":{"people":[{"name":"Ryan Burns","role":"head of Asset Managers and Private Markets, Americas at Northern Trust"},{"name":"Angelo Calvitto","role":"head of Asia Pacific at Northern Trust"},{"name":"Nick Gilbert","role":"head of Asset Servicing, EMEA at Northern Trust"}],"products":["Driving Growth in Asset Management 2026"],"companies":[{"name":"Northern Trust Corporation","ticker":"NTRS","relationship":"filer and survey sponsor"},{"name":"InvestOps Insights","relationship":"survey conductor"}],"dollarAmounts":[{"amount":"US$20.0 trillion","context":"Northern Trust assets under custody/administration as of June 30, 2026"},{"amount":"US$2.0 trillion","context":"Northern Trust assets under management as of June 30, 2026"}]},"materialImpact":{"score":1,"reasoning":"Issuer-published industry thought leadership: a biennial survey of 300 asset-management executives. It contains no financial results, guidance, or corporate actions for Northern Trust itself, though the outsourcing and AI-adoption trends it documents are directionally supportive of its asset-servicing business."},"tickerRelevance":{"others":[],"primary":"NTRS"},"globalImportance":12,"audienceRelevance":20,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"large-cap (S&P 500 financial)","eventGravity":"thought-leadership survey, no financial disclosure","consumerAngle":"none","issuerAuthored":true,"businessRelevance":"mildly supportive of asset-servicing outsourcing narrative"}},"event_type":"other","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"Northern Trust published its biennial global survey, Driving Growth in Asset Management 2026, based on responses from 300 CEOs, CIOs and operations leaders at asset managers across North America, EMEA and APAC.\n\nThe findings show a pivot toward focus and efficiency: product-expansion priorities fell to 47% from 60% two years earlier, product reduction rose to 28% of respondents, and managers planning to outsource non-core activities more than doubled to 39%, with offshoring the leading cost-control measure at 69%.\n\nEvery respondent reported deploying AI in some form, and more than half plan to target new client types and expand into new global markets.\n\nThe documented trends align with Northern Trust's asset-servicing franchise in fund administration, custody, outsourcing and data solutions, which oversees US$20.0 trillion in assets under custody/administration and US$2.0 trillion in AUM as of June 30, 2026.","key_figures":{"customDimensions":{"ai_adoption":"100% of respondents report deploying AI in some form","survey_regions":["North America","EMEA","APAC"],"survey_respondents":300,"assets_under_management":"US$2.0 trillion","product_expansion_priority":"47%, down from 60% two years earlier","product_reduction_priority":"28%, up from 5%","outsourcing_noncore_priority":"39% in 2026, up from 18% in 2024","offshoring_cost_control_citation":"69%","outsourcing_cost_control_citation":"42%","assets_under_custody_administration":"US$20.0 trillion"}},"named_entities":{"people":[{"name":"Ryan Burns","role":"head of Asset Managers and Private Markets, Americas at Northern Trust"},{"name":"Angelo Calvitto","role":"head of Asia Pacific at Northern Trust"},{"name":"Nick Gilbert","role":"head of Asset Servicing, EMEA at Northern Trust"}],"products":["Driving Growth in Asset Management 2026"],"companies":[{"name":"Northern Trust Corporation","ticker":"NTRS","relationship":"filer and survey sponsor"},{"name":"InvestOps Insights","relationship":"survey conductor"}],"dollarAmounts":[{"amount":"US$20.0 trillion","context":"Northern Trust assets under custody/administration as of June 30, 2026"},{"amount":"US$2.0 trillion","context":"Northern Trust assets under management as of June 30, 2026"}]},"model_name":"glm-5.3-flash","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-15T08:00:36.240Z","global_importance":12,"audience_relevance":20,"importance_components":{"tickerTier":"large-cap (S&P 500 financial)","eventGravity":"thought-leadership survey, no financial disclosure","consumerAngle":"none","issuerAuthored":true,"businessRelevance":"mildly supportive of asset-servicing outsourcing narrative"}},"durationMs":35773,"modelName":"glm-5.3-flash"}}