The Northern Trust board appointed Rima Qureshi as a director effective October 20, 2026, with simultaneous appointments to its Risk Committee and Technology and Operations Committee. She also joined the board of The Northern Trust Company, the corporation’s principal subsidiary, on the same date.
Key Takeaways
- Qureshi joined both the parent corporation’s board and its principal subsidiary’s board.
- Her two committee appointments took effect immediately on October 20, 2026.
- Her compensation will include prorated equity awards for service through the 2027 annual meeting.
Table of Contents
- Northern Trust board adds risk and technology oversight
- Director compensation includes prorated equity
- Conclusion
Northern Trust board adds risk and technology oversight
Northern Trust’s October 20 appointment filing confirms that Qureshi’s roles at the parent corporation, its principal subsidiary and the two board committees took effect together. The appointments give her governance responsibilities at both corporate levels, alongside the specified committee assignments.
The committee roles cover risk and technology and operations oversight. Northern Trust provides wealth management, asset servicing, asset management and banking services to corporations, institutions, families and individuals.
| Item | Details |
|---|---|
| Standard compensation | Participation in the Non-Employee Director Compensation Plan. |
| Deferred compensation | Eligibility for the 2018 Deferred Compensation Plan for Non-Employee Directors. |
| Plan documentation | Both compensation plans are described in Northern Trust’s most recent proxy statement. |
Director compensation includes prorated equity
Qureshi will participate in Northern Trust’s compensation arrangements for non-employee directors and will be eligible for its deferred compensation program. The company distinguishes participation in the standard director plan from eligibility for the deferred plan.
Her equity awards will form part of her compensation for service through the 2027 Annual Meeting of Stockholders. The amount will be consistent with annual awards to other non-employee directors, adjusted for her appointment date. The filing does not specify a dollar value or share count for those awards.
Conclusion
The board and committee appointments are already effective. The next stated milestone is Northern Trust’s 2027 Annual Meeting of Stockholders, which marks the end of the service period covered by the planned prorated equity awards.
Read More News
Disclaimer
This FinanceVelix article provides general information, not personalized financial, investment, legal, or tax advice. Market prices, interest rates and economic conditions can change; investments carry a risk of loss. Facts reflect the material available when published and may change. Check important information independently and consult a qualified professional when needed. Mentioning an asset, company, or service is not an endorsement.
