Northern Trust has been appointed the custodian for the $600 million El Paso Firemen and Policemen’s Pension Fund. The fund, which provides global custody, securities lending, benefits payment and foreign exchange services, represents more than 1,800 active and 1,300 retired firefighters and police officers.
“After an extensive provider evaluation process, Northern Trust stood out because of their superior client service and competitive pricing,” says Robert Stanton, executive director of the El Paso Firemen and Policemen’s Pension Fund. “It was clear that Northern Trust’s client-focused environment would benefit all aspects of our relationship with them.”
“Northern Trust is committed to servicing public employee retirement systems and this selection by El Paso Fire and Police is testament to the quality of our people and our service offering,” says Brian Nadeau, vice president of institutional sales at Northern Trust.