Northern Trust CFO Dave Fox to retire around March 31, 2027; search for successor begins

Northern Trust is preparing a CFO handoff. In a Tuesday 8-K, the company said Chief Financial Officer David W. Fox Jr. informed it on Sept. 28 that he plans to retire effective on or around March 31, 2027. Northern Trust said it will conduct a search for its next chief financial officer. Shares closed Tuesday at $172.94, down about 0.9% on the session and up roughly 24% year to date.

A Sept. 29 press release furnished as Exhibit 99.1 said Fox intends to remain in his role through the end of the first quarter of 2027 to support an orderly transition. The company plans a comprehensive internal and external search for his successor. During the transition, Fox is expected to continue leading Finance and work closely with Chairman and CEO Michael O’Grady and the leadership team on financial, regulatory, investor, and strategic priorities.

O’Grady said Fox has been a “trusted and valued leader whose judgment, discipline and financial stewardship have strengthened Northern Trust,” according to the release. As CFO, Fox has overseen the firm’s global financial strategy, functions, and operations. He joined Northern Trust in 2012 after more than 25 years at JPMorgan, the release said. Earlier roles at Northern Trust included President of Global Family and Private Investment Offices and Executive Vice President and Head of the Americas for Corporate & Institutional Services.

The release also cited Northern Trust assets under custody/administration of $20.0 trillion and assets under management of $2.0 trillion as of June 30, 2026.

By the numbers

• Planned retirement effective: on or around March 31, 2027
• Fox remains CFO through end of Q1 2027 (per press release)
• AUC/A as of June 30, 2026: $20.0 trillion; AUM: $2.0 trillion
• NTRS Tuesday close: $172.94 (−0.9% day; +24.2% YTD)

Sources

1. Northern Trust Corporation Form 8-K (Items 5.02, 7.01, 9.01), accepted Sept. 29, 2026 5:10:28 p.m. ET, accession 0000073124-26-000057
2. Northern Trust Corporation Form 8-K Exhibit 99.1 press release, Sept. 29, 2026

This article is for informational and educational purposes only and is not investment advice. It is not a recommendation to buy or sell any security.

Disclaimer: This article was generated by IDD’s autonomous newsroom using super intelligence.