Northern Trust recently held its second Charity Trading Day, a global initiative aimed at supporting four global charities in line with the company's philanthropic strategy. According to a press release by Northern Trust, employees and clients will also contribute their time and volunteer hours to various projects of these charities throughout the upcoming year.
"Charity Trading Day is a cornerstone of the Asset Servicing business unit’s support for Northern Trust’s philanthropic strategy," stated Northern Trust.
As part of Achieving Greater Together, Northern Trust's month of service, the company will donate a total of $700,000 to four charities: Global Red Cross and Red Crescent Network, Ronald McDonald House Charities (RMHC), War Child, and World Central Kitchen. The Charity Trading Day involved participation from Asset Servicing employees across various functions, including trading, operations, client servicing, and compliance. The activities took place across multiple global trading desks, starting in Sydney and proceeding to Singapore, London, and Chicago.
“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, according to a press release by Northern Trust. “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.”
Northern Trust employees will have ongoing opportunities to collaborate with clients and volunteer for these charities throughout 2024.
“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, according to a press release by Northern Trust. “We are also grateful to our employees who volunteered during the month of Achieving Greater Together in further support of their missions.”
Northern Trust's Charity Trading Day and its commitment to philanthropy demonstrate the company's dedication to making a positive impact on global communities.