Northern Trust (NTRS) Chairman and CEO Mike O’Grady stated on the company’s Q2 earnings call, according to a transcript: “I want to reaffirm our commitment to remain independent. Contrary to recent speculation, during my tenure as CEO, we have never entertained discussions regarding the sale of the company with any financial institution. Nor do we intend to. The board and management team remain confident that Northern Trust is well positioned to continue driving long term growth and value creation as evidenced by our visibly improved performance, and momentum in our One Northern Trust strategy. Our one hundred and thirty five year track record of stewardship of multigenerational personal and institutional wealth, unwavering fiduciary commitment, ingrained culture of integrity, and long term perspective, instill confidence in our clients that we will be here for them not just today, but for generations to come.”
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