In the role of global custodian for the Labourers’ Pension Fund of Central and Eastern Canada Nothern Trust will deliver custody and related services for the $1.9 billion mandate.
The Labourers’ Pension Fund of Central and Eastern Canada has more than 39,000 members and over 13,000 pensioners and beneficiaries.
“The Labourers’ Pension Fund specifically chose Northern Trust because of our reputation for providing excellent service and leading edge technology and expertise for processing and accounting for alternative assets,” says Robert Baillie, president and chief executive officer, Northern Trust, Canada.
“The Labourers’ Pension Fund is committed to providing the highest level of service to our members and retirees, and we feel that Northern Trust shares that commitment,” says David D’Agostini, administrator, the Labourers’ Pension Fund. “Northern Trust’s strong client service culture and their ability to enhance our efficiency through their technology were significant factors in our decision.”
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