Northern Trust announced today that Samford University had selected the bank to provide global custody services for their $200 million in endowment funds. In addition to custody, Northern will also provide risk and performance and commission recapture services.
“We selected Northern Trust because of their excellent technology, solid reputation, and strong risk and performance services,” says Lisa Aday, Director of Investments for Samford University. “We also have a high level of confidence in the quality and experience of the people we’ve met at Northern Trust.”
“We are very pleased to have been selected by Samford University to serve their custody, performance and commission recapture needs,” adds Mike Delaney, Vice President of Foundation, Endowment and Healthcare sales at Northern Trust. “We have a strong relationship with the University already established and look forward to a successful, long-term relationship.”
Samford University is Alabama’s largest independent university.