North Shore-LIJ Health System, a not-for-profit secular health care system, selects Northern Trust as global custodian. Northern Trust will provide global custodian, benefit payment, plan accounting and investment risk and analytical services to the Health System’s $1.0 billion of invested funds.
“North Shore-LIJ can rely on Northern Trust for our strong commitment to client service and our particular skill at plan accounting and other products that provide added value to our global custody clients,” says Jon Dunham, head of North American institutional sales, Northern Trust.
“We look forward to a long-term relationship that supports the investment strategies and the accounting and benefit payment needs of this non-profit system and its members.”
“Northern Trust understands the complex needs of nonprofits, particularly health care organizations that are typically among the largest employers in their local communities,” says Robert Pine, vice president, Treasury Operations, North Shore-LIJ Health System Inc.
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