The government of Jersey in the Channel Islands has appointed Northern Trust to provide data, analytics and consolidated reporting to 3.2 billion ($4.9 billion) in assets.
Northern Trust will support the States of Jerseys requirements for data, analytics and consolidated reporting following a competitive tender to provide record master record keeping across the States of Jerseys Common Investment Fund, the Jersey Teachers Superannuation Fund, and the States of Jersey Public Employees Contributory Retirement Scheme. The appointment adds to Northern Trusts existing mandates to provide custody, investment accounting and performance services for the States of Jerseys Common Investment Fund (CIF) and the Jersey Teachers Superannuation Fund.
We are pleased to appoint Northern Trust which demonstrated they could support our unique and evolving requirements, said Laura Rowley, treasurer of the States of Jersey. Northern Trusts customised solution, which included accounting, performance measurement, and compliance monitoring across all of our entities, is supported by their ability to look through to our underlying holdings within our pooled funds and provide better reporting and risk analysis.
(JDC)