Northern Trust Wins Global Custody Mandate for $1.6 Billion Health Fund

Northern Trust will serve as global custodian for WellSpan Health’s $1.6 billion in assets.

As part of the agreement, Northern Trust will also provide alternative asset administration, pooled accounting, foreign exchange services, and performance reporting.

“We are pleased to add WellSpan Health to our growing list of healthcare clients,” says Marc Cosentino, head of Northern Trust institutional client services.

“WellSpan Health will benefit from our technology solutions, focused on delivering information in a timely and flexible format,” he adds.