Northern Trust announced today that, following a number of strategic changes to its investment arrangements, Royal Liver Assurance Limited has appointed the bank as its first-ever global custodian.
Northern Trust will administer assets worth 2.5 billion. The Liverpool based friendly society was advised on its choice by Watson Wyatt. “The selection by Royal Liver is a great endorsement of our growing business and work with financial institutions and money managers in Europe,” says Jeremy Hester, Head of UK Business Development at Northern Trust in London. “An outstanding working relationship has already been established between Royal Liver and Northern Trust, and we are delighted to be working with them. “
Ian Longley, Investment and Treasury Manager for Royal Liver, added that “a superb relationship, exceeding all expectations, has been created with Northern Trust.”