Cadent Gas Pension Trustee Limited Appoints Northern Trust as Custodian for its £4.6 Billion Pension Scheme
30 Outubro 2024 - 6:00AM
Business Wire
Northern Trust (Nasdaq: NTRS) announced today it has been
appointed by Cadent Gas Pension Trustee Limited as custodian for
its public and private assets as well as for performance and SORP
reporting for its £4.6 billion (approximately US$6 billion) defined
benefit scheme (as of 31/03/2024).
Cadent Gas Pension Scheme appointed Northern Trust following a
detailed due diligence exercise, managed independently. A key focus
was to find an asset servicing partner to support the Scheme
through its defined benefit journey.
“Northern Trust is an industry leader in supporting the needs of
the asset owner community and the UK pension sector specifically,”
said Ian Hamilton, Head of Asset Owners Europe, Northern Trust. “We
are well positioned to help Cadent Gas Pension Scheme with their
changing requirements, and we look forward to working
collaboratively, helping them reach their goals.”
Northern Trust’s asset owner business provides custody services
to more than 370 clients with collectively US$2.8 trillion in
assets under custody across Europe, Middle East and Africa, as of
31 August 2024. It is focused on supporting the evolving needs of
institutional investors including pension funds, multinational
corporations, insurance companies, non-for-profit organisations,
central banks, sovereign wealth funds and other inter-governmental
agencies.
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 24 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, 2024, Northern Trust had assets under
custody/administration of US$17.4 trillion, and assets under
management of US$1.6 trillion. For more than 135 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/20241030335811/en/
Europe, Middle East, Africa & Asia-Pacific: Camilla Greene
+44 20 7982 2176 Camilla_Greene@ntrs.com
Simon Ansell +44 (0) 20 7982 1016 sa777@ntrs.com
US & Canada: John O’Connell +1 312 444 2388
John_O’Connell@ntrs.com
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