Northern Trust has been selected by Lincoln Financial Group as custodian of its defined benefit retirement plan. Services for the $1.1 billion plan include securities lending and Investment Risk & Analytical Services, in addition to custody.
“Northern Trust provides excellent client service, global experience and strong relationship management. We feel that Northern Trust has the right combination of technology innovation and operations expertise to help us realise our goals in today’s financial markets,” says Ris Taylor, vice president and treasurer of Lincoln Life Insurance Co.
“We are pleased to expand our relationship with a financial services leader like Lincoln Financial Group. Plan sponsors increasingly seek risk and compliance reporting for diversified investment portfolios. As a global custodian, we help our clients access a broad array of assets and global markets, evaluate the underlying risks and make informed decisions in order to meet their short- and long-term obligations,” adds Sheldon W. Woldt, senior vice president and head of relationship management for the Insurance Division at Northern Trust.