Northern Trust Wins £3.6B Warwickshire Pension Mandate

M&A · PartnershipIndustry

โดย Insider Monkey·

Summary · why it matters

Northern Trust Corporation announced on September 7 that Warwickshire Pension Fund had appointed it to provide global custody, valuation reporting, capital call execution and performance measurement. The UK public pension fund holds approximately £3.6 billion, or $4.8 billion, in assets, a sum equal to roughly 0.024% of Northern Trust's $20.0 trillion in assets under custody or administration as of June 30. Contract duration and fees were not disclosed. Warwickshire is one of 18 partner funds in Border to Coast Pensions Partnership, so the appointment covers a single fund within that larger group. Northern Trust reported second-quarter custody and fund administration fees of $512.3 million, up approximately 9% from $469.2 million a year earlier, and total Asset Servicing trust, investment and other servicing fees of $757.4 million, also up approximately 9% from $691.8 million.

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