The City of Tallahassee has selected Northern Trust to serve as global custodian for its $2.1 billion in assets. Northern Trust will also provide securities lending and performance reporting. Northern Trust will oversee assets for the city’s pension, other-post employment benefits and treasury portfolios.
“The City of Tallahassee is excited with the appointment of Northern Trust as our master custodian,” said Kent Olson, Deputy Treasurer-Clerk for the City of Tallahassee. “The Selection Committee was impressed with the depth and knowledge of Northern Trust’s staff and the technological capabilities of its financial products.”
“We are very pleased to add the City of Tallahassee to our roster of public fund clients,” said Marc Cosentino, head of Northern Trust Client Services for Public Funds. “Tallahassee will benefit from our global operating model and technology-enabled client reporting, allowing convenient and efficient access to pertinent data. Our ability to offer customized solutions that fit each public fund’s unique needs and objectives enable them to focus on their vital mission of empowering communities.”
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 offices in the United States in 19 states and Washington, D.C., and 20 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of June 30, 2015, Northern Trust had assets under custody of US$6.2 trillion, and assets under management of US$946 billion. For 125 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit northerntrust.com or follow us on Twitter @NorthernTrust.
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 http://www.northerntrust.com/disclosures.