Northern Trust wins Shropshire mandate
08 April 2011 London
Image: Shutterstock
Northern Trust has been appointed to provide securities lending services to Shropshire County Pension Fund.
This latest appointment follows Northern Trust鈥檚 recent announcement that it provides custody and related services to 36 per cent of the Local Government Pension Schemes in the UK and underpins its commitment to the sector.
鈥淪hropshire County Pension Fund has been a client of Northern Trust鈥檚 since 1999, and we are delighted to support their securities lending requirements,鈥� said Mark Snowdon, senior sales and relationship manager for securities lending at Northern Trust. 鈥淲e are seeing an increasing appetite for securities lending solutions, with clients attracted to Northern Trust鈥檚 strong risk and control environment, excellent revenue performance and transparent reporting solutions, as well as our expertise in providing customised solutions for Local Government Pension Schemes.鈥�
鈥淲e were looking for a lending solution that would enable us to optimise returns within the context of thoughtful risk management,鈥� said Justin Bridges, treasury manager at Shropshire Council. 鈥淣orthern Trust has also demonstrated its expertise and experience in the Local Government Pensions Scheme sector, and as our custodian has worked closely with us to develop solutions that meet our evolving requirements.鈥�
This latest appointment follows Northern Trust鈥檚 recent announcement that it provides custody and related services to 36 per cent of the Local Government Pension Schemes in the UK and underpins its commitment to the sector.
鈥淪hropshire County Pension Fund has been a client of Northern Trust鈥檚 since 1999, and we are delighted to support their securities lending requirements,鈥� said Mark Snowdon, senior sales and relationship manager for securities lending at Northern Trust. 鈥淲e are seeing an increasing appetite for securities lending solutions, with clients attracted to Northern Trust鈥檚 strong risk and control environment, excellent revenue performance and transparent reporting solutions, as well as our expertise in providing customised solutions for Local Government Pension Schemes.鈥�
鈥淲e were looking for a lending solution that would enable us to optimise returns within the context of thoughtful risk management,鈥� said Justin Bridges, treasury manager at Shropshire Council. 鈥淣orthern Trust has also demonstrated its expertise and experience in the Local Government Pensions Scheme sector, and as our custodian has worked closely with us to develop solutions that meet our evolving requirements.鈥�
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