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Northern Trust Wins $7.5B Custody Mandate

The Lancashire County Council Pension Fund has appointed Northern Trust as global custodian of its $7.5 billion in pension and treasury assets.

The Lancashire County CouncilPension Fund has appointed Northern Trust as global custodian of its $7.5 billion in pension and treasury assets. Northern Trust has replaced BNY Mellon Asset Servicing, adds Pensions & Investments.

The Chicago-based asset manager will also provide related services, including transition management, securities lending and investment risk analytics. The pension fund was advised by specialist custody consultant firm Thomas Murray.

Click here for the release from Business Wire.

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