Northern Trust has been selected by Bærum Kommune for a $110 million mandate. The firm will provide global custody, securities lending, transition management and foreign exchange services to the municipal investment fund of the suburb of Oslo, Norway.

Northern Trust has been present in the Nordic region since 20 years and has a dedicated team of relationship and account managers there. The firm is an investment management, asset and fund administration, banking solutions and fiduciary services provider.

Click here for the release from Business Wire.