Northern Trust has been awarded the mandate to provide custody services to approximately GBP£65 million (US$120 million) in UK Equity assets managed by Majedie Asset Management for the Sony United Kingdom Pension Fund.
Sally-Anne Callick, vice president, UK asset servicing business development, Northern Trust said, “We look forward to working with both Majedie and Sony. UK pension funds continue to be a key focus for us as we see more trustees seeking the benefits of administration solutions provided by global custodians.”