Northern Trust has secured the mandate to provide custody and performance measurement services to the London Borough of Lewisham’s 505 million pension fund.
“We are committed to providing the highest standards of service and delivery to our members and co-providers, whilst maintaining careful control on costs,” says Rob Whiteman, Executive Director for Resources and Deputy Chief Executive, London Borough of Lewisham. “We chose Northern Trust because in our opinion they best understand our needs and provide the most innovative and cost-effective solutions to meet our long-term requirements.”
“We are delighted to have won the custody and performance reporting mandate for the London Borough of Lewisham’s Pension Fund. Together we will build on Lewisham’s reputation for setting the highest standards in public service pension scheme management in the UK,” adds Jemma Broadgate, Vice President, UK Business Development at Northern Trust.
The assets, previously held with the pension fund’s investment managers, transitioned in April.