Gerard Cassidy's questions to Northern Trust Corp (NTRS) leadership • Q4 2024
Question
Gerard Cassidy asked for a definition of the 'sustainable financial model' that management aims to build. He also inquired about the key macro risks, aside from geopolitical issues, that the company is monitoring for 2025.
Answer
Chief Financial Officer David Fox defined the sustainable model as one that does not rely on factors outside the company's control, focusing instead on driving down the expense curve and increasing organic growth to build resiliency. Chairman and CEO Michael O'Grady identified key risks as the things they cannot control, such as significant market downturns, operational stress from volatility, and the impact of central bank actions on liquidity and interest rates, emphasizing preparedness over prediction.