Northern Trust named custodian to IWA Forest Industry Pension Plan
The IWA Forest Industry Pension Plan has named U.S.-based Northern Trust Corp (Nasdaq: NTRS) as the global custodian of its $3.1 billion pension fund. In this role, Northern Trust will also provide investment accounting, securities lending, compliance monitoring and performance services to the plan. Serving 70,000 members of the Canadian forest industry, IWA Forest Industry Pension Plan had 11% of its total assets in alternative investments at the end of 2012.
6 January 2014•3 mins read
