Northern Trust chosen to serve City of Tallahassee
14 August 2015 Chicago
Image: Shutterstock
Global bank Northern Trust has been chosen by the City of Tallahassee to serve as global custodian for its $2.1 billion in assets.
The Chicago-based bank will additionally provide securities lending and performance reporting and oversee assets for the city鈥檚 pension, other-post employment benefits and treasury portfolios.
鈥淭he City of Tallahassee is excited with the appointment of Northern Trust as our master custodian,鈥� said Kent Olson, deputy treasurer-clerk for the City of Tallahassee.
鈥淭he selection committee was impressed with the depth and knowledge of Northern Trust鈥檚 staff and the technological capabilities of its financial products.鈥�
Marc Cosentino, head of Northern Trust client services for public funds, said: 鈥淭allahassee will benefit from our global operating model and technology-enabled client reporting, allowing convenient and efficient access to pertinent data.鈥�
鈥淥ur ability to offer customised solutions that fit each public fund鈥檚 unique needs and objectives enable them to focus on their vital mission of empowering communities.鈥�
The Chicago-based bank will additionally provide securities lending and performance reporting and oversee assets for the city鈥檚 pension, other-post employment benefits and treasury portfolios.
鈥淭he City of Tallahassee is excited with the appointment of Northern Trust as our master custodian,鈥� said Kent Olson, deputy treasurer-clerk for the City of Tallahassee.
鈥淭he selection committee was impressed with the depth and knowledge of Northern Trust鈥檚 staff and the technological capabilities of its financial products.鈥�
Marc Cosentino, head of Northern Trust client services for public funds, said: 鈥淭allahassee will benefit from our global operating model and technology-enabled client reporting, allowing convenient and efficient access to pertinent data.鈥�
鈥淥ur ability to offer customised solutions that fit each public fund鈥檚 unique needs and objectives enable them to focus on their vital mission of empowering communities.鈥�
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