Federated City Employees’ Retirement System of San Jose, California, selected Northern Trust to provide its global custody, securities lending, performance measurement and risk management services for the $1.6 billion retirement plan. Plan assets transitioned on January 3, 2006.
“We selected Northern Trust because of its long-term commitment to asset servicing, its flexible, user-friendly technology platform and the strong combination of analytics and performance reporting that we were looking for,” said Donna Busse, investment officer, Federated City ERS of San Jose. “We believe that Northern’s high standards of client service and technology development will help us to better serve the needs or our retirement plan members now and in the future.”