Northern Trust Corporation (NASDAQ:NTRS) has been chosen by Scottish Borders Council to provide it with accounting performance measurement, global custody, cash management and foreign exchange services for its pension fund assets worth about US$700.

Northern Trust as the choice of the LPGS

This marks the 12th time Northern Trust has been appointed as the custody in the Local Government Pension Schemes (LPGS) National Framework Agreement (NFA). Thus underscoring its track record in the providing all its clients with the unique needs and maintaining its top position as the company of choice among the LPGS.

Their secret is their dedication in their work

Northern Trust portrayed its capability to offer solutions designed in a special way to meet the unique needs of each client. A combination of committed leadership from skilled experts and years of experience played a big role leading to the appointment. It seems the company has an infinity life commitment to all LPGS. The NASDAQ stock listed company has dedicated programmes of insightful workshops and skilled leadership. This enables it to remain as the top choice for LPGS. They work with dedications throughout the current developments impacting the industry.

Other current assignments in the LPGS sector

Currently, Institutional Investor Group a branch of the of the Northern Trust, is supporting around 35% of the top 100 pension schemes in the U.K. The pension schemes range from British pounds 450 million to British pounds 16 billion is asset value. This includes 8 of the 11 LPGS held by the Scottish

Borders Council.

Comments from the representatives

The chairperson of Pension Fund Committee in the Scottish Borders Council, Councilor Bill White commended Northern Trust for their appointment. He stated that the company has continued to display their ability to provide solutions that are uniquely tailored to meet the unique needs of each client. He went further to comment on the dedicated leadership in Northern Trust. He associated their success with the LPGS to the expertise skills and experience relating with the LPGS.

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Northern Trust on the other hand gave their word to work closely with the council to ensure customized solutions are provided. Penelope Biggs the head of the Institutional Group in Northern Trust assured the council of their continued support of local government pensions funds.