Northern Trust has hired Stephanie Howell as a relationship manager supporting UK corporate pension fund, and particularly UK Local Government Pension Scheme (LGPS), asset servicing clients.
Her appointment follows closely Northern Trusts re-appointment as global custodian by two major LGPS, further to formal re-tendering processes.
In her new role, Howell is responsible for ensuring that Northern Trust continues to meet clients specific requirements, in terms of service and product delivery. She joins from JPMorgan where she spent nine years, the last two of which were as a relationship manager in the UK Pensions and Charities team.
“Northern Trust has maintained a strong presence in the UK LGPS sector and currently has over one third of all LGPS clients. We also service approximately one third of the top 200 UK pension schemes as clients. We are delighted to welcome Stephanie to the team. Her experience in managing clients, particularly in the LGPS sector, will support us in building on our successes during previous years, as we continue to focus on the UK pension fund sector and deliver high-quality services and solutions to this market,” says Ray Bloom, head of client relationship management for UK pensions at Northern Trust.
Northern Trust was re-appointed by the 2.1 billion Middlesbrough pension fund, a client of Northern Trust for seven years, to provide custody, investment accounting, cash management and foreign exchange for a further five years.
Furthermore, Northern Trust won the 10 billion Strathclyde pension fund re-bid for the third consecutive term. Northern Trust will continue to provide custody, investment accounting, securities lending, cash management, performance measurement and foreign exchange services to Strathclyde – the largest local government pension fund in the UK.