The Indiana State Teachers’ Retirement Fund has hired Northern Trust for global custody, securities lending, daily valuation, compliance and “event analyst” services. The assets have already been moved to Norhern Trust.
We chose Northern Trust because of their outstanding technology platform, securities lending program, and their strong client service reputation,” says Robert Newland, Deputy Director and Chief Investment Officer of the Indiana State Teachers’ Retirement Fund. “Northern Trust’s online risk and performance tools were a clear advantage over the competition and will be of great benefit in the management of our plan.”
“Northern Trust is extremely pleased to add Indiana Teachers’ to our strong public fund client base,” adds Steve Appell, senior vice president and head of U.S. sales in the corporate and institutional services division of Northern Trust. “Indiana joins a solid list of growing clients who appreciate not only our technology, but also our collaborative approach to client service and our outstanding account management, risk analytics and reporting capabilities that support the unique needs of the public funds marketplace.”