Multi-employer final salary scheme set up under Superannuation Arrangements of University of London (Saul) has reappointed Northern Trust Corp. for its $2.4 billion mandate. The asset manager will continue providing global custody, securities lending, cash and foreign exchange services for the London-based trust.
Northern Trust, which has been with Saul since 2003, will act as master record keeper for private equity and infrastructure funds and will now also be offering investment risk and analytics services across the portfolio. More than one-third of the top 200 U.K. pension funds and 36 percent of all local government pension schemes have mandated Northern Trust to offer custody and related services.
Click here release from Business Wire.
