Northern Trust Selected as Custodian for Nebraska Investment Council Pension Funds
06 Dicembre 2023 - 5:00PM
Business Wire
Northern Trust (Nasdaq: NTRS) announced today that it has been
selected by the Nebraska Investment Council (NIC) to provide asset
management and asset servicing solutions, including custody,
portfolio analytics and securities lending, for its pension fund.
The NIC is an independent state agency that manages $37.5 billion
across 32 investment programs (as of September 30, 2023).
Established in 1969 as a centralized state investment agency,
the NIC provides investment services to the state of Nebraska and
is responsible for the investment of assets in state pensions and
trust funds.
NIC selected Northern Trust for several reasons, including its
high touch client service model, its advanced online technology
platform and its ability to create operational efficiencies for the
team's day-to-day investment activity.
“Northern Trust’s commitment to client service differentiated
them amongst the competition,” said Michael Walden-Newman, CIO of
the Nebraska Investment Council. “Their dedication to the public
fund space, as well as their reputation for consistent,
high-quality data and advanced technology, position them well to
help us as we continue to service our constituents.”
“We are proud to be selected as custodian and asset manager for
the Nebraska Investment Council, an agency whose mission is to
prudently manage the funds entrusted to them by the people of the
State of Nebraska,” said Melanie Pickett, Head of Asset Owners,
Americas at Northern Trust. “At Northern Trust, we value our client
relationships and have been working to further connect the
community of asset owners. We are dedicated to servicing public
funds like the NIC and specialize in meeting their needs with
dynamic solutions. It is our privilege to provide asset servicing
and asset management capabilities to the NIC.”
Northern Trust has had an unwavering and longstanding commitment
to the asset owner space for many decades. The goal within the
asset owner segment is to empower the missions of its clients,
helping them to maximize investment returns so that they may then
serve their constituents, their communities, and the world.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider
of wealth management, asset servicing, asset management and banking
to corporations, institutions, affluent families and individuals.
Founded in Chicago in 1889, Northern Trust has a global presence
with offices in 25 U.S. states and Washington, D.C., and across 22
locations in Canada, Europe, the Middle East and the Asia-Pacific
region. As of September 30, 2023, Northern Trust had assets under
custody/administration of US$14.2 trillion, and assets under
management of US$1.3 trillion. For more than 130 years, Northern
Trust has earned distinction as an industry leader for exceptional
service, financial expertise, integrity and innovation. Visit us on
northerntrust.com. Follow us on X (formerly Twitter) @NorthernTrust
or Northern Trust Corporation on LinkedIn.
Northern Trust Corporation, Head Office: 50 South La Salle
Street, Chicago, Illinois 60603 U.S.A., incorporated with limited
liability in the U.S. Global legal and regulatory information can
be found at https://www.northerntrust.com/terms-and-conditions.
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version on businesswire.com: https://www.businesswire.com/news/home/20231206679432/en/
Europe, Middle East, Africa & Asia-Pacific: Camilla Greene
+44 (0) 20 7982 2176 Camilla_Greene@ntrs.com
Simon Ansell + 44 (0) 20 7982 1016 Simon_Ansell@ntrs.com
US & Canada: John O’Connell +1 312 444 2388
John_O’Connell@ntrs.com
http://www.northerntrust.com
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