厙惇勛圖

Home   News   Features   Interviews   Magazine Archive   Symposium   Industry Awards  
Subscribe
厙惇勛圖
Leading the Way

Global 厙惇勛圖 Finance News and Commentary
≔ Menu
厙惇勛圖
Leading the Way

Global 厙惇勛圖 Finance News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Buy side news
  3. Northern Trust extends mandate with Strathclyde
Buy side news

Northern Trust extends mandate with Strathclyde


05 December 2013 London
Reporter: Georgina Lavers

Generic business image for news article
Image: Shutterstock
Northern Trust has re-secured a mandate with UK government pension scheme Strathclyde for the fourth consecutive term.

Strathclyde is the largest local government pension scheme in the UK by asset size.

Under the terms of the agreement, Northern Trust will continue to provide global custody, securities lending, cash management and foreign exchange services for the funds 瞿13.7 billion in pension assets, with the addition of tailored investment risk and performance services.

Richard McIndoe, head of pensions at Strathclyde, said: Northern Trust understands our specific requirements and through their range of high-quality tailored solutions continues to demonstrate their commitment to the local government pension sector.

Our relationship with the team at Strathclyde spans more than 15 years and we are truly delighted to continue to support them in the years ahead, said Penelope Biggs, head of Northern Trusts Institutional Investor Group.

Our dedicated local government pension fund client service team, our information delivery portal Passport簧 and the evolution of our institutional governance services product suite are designed to support our local government pension fund clients as they face increasingly complex investment and administration challenges and operate in an evolving regulatory environment.

Northern Trust provides custody and related services to approximately 35 percent of all UK local government pension schemes and has serviced clients in the segment since 1996. It was also recently named as one of six custodians listed by National LGPS Frameworks from which local government pension schemes can procure custody and related services.

We understand local government pension schemes face unique challenges and being part of the Framework Agreement, under which local government pension schemes can benefit from pre-agreed tariffs and services underlines our continued commitment to the sector, said Douglas Gee, head of institutional sales at Northern Trust. Through our Retirement Solutions Practice, we continue to look for innovative ways to invest in the depth and complexity of services we can offer pension funds.
← Previous buy side article

Global Prime secures brokerage mandate with IPGL
Next buy side article →

Citi scores mandate with Canada's CBC
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to 厙惇勛圖 Finance Times
Advertisement
Subscribe today
Knowledge base

Companies in this article
→ Northern Trust

Explore our extensive directory to find all the essential contacts you need

Visit our directory →

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →