Northern Trust’s U.K. pension fund assets increased by $43.9 billion in 2010. The firm, which added 15 new clients in 2010, now provides custody and related services to about 34% of the top 200 pension funds in the U.K. and 36% of all U.K. Local Government Pension Schemes.
The firm has hired Ray Bloom to head up a team of relationship managers dedicated to serving the needs of local government pension schemes. In 2009, Northern Trust added 10 new U.K. pension fund clients and $13 billion in new assets under custody.
Click here for the release from Northern Trust.
