Northern Trust has won a $3.3 billion US domestic custody mandate from Lincoln Finnacial. The insurer is an existing client, but the new mandate includes treasury management and credit services.
“We selected Northern Trust because of their strong reputation and commitment to the asset servicing business, and their ability to create customized solutions that fit Lincoln Financial Group’s custody needs,” says Frederick J. Crawford, Vice President and Treasurer, Lincoln Financial Group. “We’ve also been impressed over the years with their people and overall commitment to superior client service.”
“We are thrilled to add custody services to our relationship with Lincoln Financial Group,” adds Dave Cyganiak, Vice President, Northern Trust. “We look forward to a long standing relationship built on service, flexible technology, and a true partnership approach.”