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Northern Trust Wins GB1bn Securities Lending Mandate from Shropshire County Pension Fund

^{Published on 2011-04-07 18:40:42 - Market Wire}
 

LONDON--([ BUSINESS WIRE ])--Northern Trust (NASDAQ:NTRS) announced today that it has been appointed to provide securities lending services to Shropshire County Pension Fund. This latest appointment follows Northern Trusta™s recent announcement that it provides custody and related services to 36 percent of the Local Government Pension Schemes in the UK and underpins its commitment to the sector.

"Northern Trust has also demonstrated its expertise and experience in the Local Government Pensions Scheme sector, and as our custodian has worked closely with us to develop solutions that meet our evolving requirements."

aShropshire County Pension Fund has been a client of Northern Trusta™s since 1999, and we are delighted to support their securities lending requirements,a said Mark Snowdon, Senior Sales and Relationship Manager for Securities Lending at Northern Trust. aWe are seeing an increasing appetite for securities lending solutions, with clients attracted to Northern Trusta™s strong risk and control environment, excellent revenue performance and transparent reporting solutions, as well as our expertise in providing customised solutions for Local Government Pension Schemes.a

aWe were looking for a lending solution that would enable us to optimise returns within the context of thoughtful risk management,a said Justin Bridges, Treasury Manager at Shropshire Council. aNorthern Trust has also demonstrated its expertise and experience in the Local Government Pensions Scheme sector, and as our custodian has worked closely with us to develop solutions that meet our evolving requirements.a

Northern Trust has offered securities lending services and solutions since 1981 and was one of the first banks to lend securities internationally. It offers customisable lending programmes to clients in 50 different equity and fixed income markets across the globe, and provides securities lending services to 50 percent of all Northern Trusta™s Local Government Pension Scheme clients.

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of investment management, asset and fund administration, banking solutions and fiduciary services for corporations, institutions and affluent individuals worldwide. Northern Trust, a financial holding company based in Chicago, has offices in 18 U.S. states and 16 international locations in North America, Europe, the Middle East and the Asia-Pacific region. As of December 31, 2010, Northern Trust had assets under custody of US$4.1 trillion, and assets under investment management of US$643.6 billion. For 121 years, Northern Trust has earned distinction as an industry leader in combining exceptional service and expertise with innovative products and technology. For more information, visit [ www.northerntrust.com ].

Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A, incorporated with limited liability in the U.S.

The Northern Trust Company, London Branch (reg. no. BR001960), Northern Trust Global Investments Limited (reg. no. 03929218) and Northern Trust Global Services Limited (reg. no. 04795756) are authorised and regulated by the Financial Services Authority.

The material within and any linked material accessed via this communication is directed to eligible counterparties and professional clients only and should not be distributed to or relied upon by retail investors. For Asia-Pacific markets, it is directed to institutional investors, expert investors and professional investors only and should not be relied upon by retail investors.

• Northern Trust (Guernsey) Limited, Northern Trust Fiduciary Services (Guernsey) Limited, and Northern Trust International Fund Administration Services (Guernsey) Limited are licensed by the Guernsey Financial Services Commission.
• Northern Trust International Fund Administrators (Jersey) Limited and Northern Trust Fiduciary Services (Jersey) Limited are regulated by the Jersey Financial Services Commission.
• Northern Trust International Fund Administration Services (Ireland) Limited and Northern Trust Fiduciary Services (Ireland) Limited are regulated by the Central Bank of Ireland.
• Northern Trust Global Services Limited has a Netherlands Branch which is authorised and regulated in the Netherlands by De Nederlandsche Bank.
• Northern Trust Global Services Limited has a Luxembourg Branch which is authorised and regulated by the Commission de Surveillance du Secteur Financier (CSSF).
• Northern Trust Luxembourg Management Company S.A. is regulated by the Commission de Surveillance du Secteur Financier (CSSF).
• Northern Trust Global Services Limited operates in Abu Dhabi as a Representative Office, Licence number 13/238/2008 which is authorised and regulated by the Central Bank of the United Arab Emirates.
• The Northern Trust Company operates in Canada as The Northern Trust Company, Canada Branch which is an authorized foreign bank branch under the Bank Act (Canada). Trustee related services in Canada are provided by the wholly owned subsidiary The Northern Trust Company, Canada, an authorized trust company under the Trust & Loans Companies Act (Canada). Deposits with The Northern Trust Company and its affiliates and subsidiaries are not insured by the Canada Deposit Insurance Corporation.
• The Northern Trust Company operates in Australia as a foreign authorised deposit-taking institution (foreign ADI)and is regulated by the Australian Prudential Regulation Authority.
• The Northern Trust Company of Hong Kong Limited is a securities company regulated by the Securities and Futures Commission.
• The Northern Trust Company has a Singapore Branch which is a foreign wholesale bank regulated by the Monetary Authority of Singapore.
• The Northern Trust Company has a branch in China regulated by the China Banking Regulatory Commission
• Northern Trust Global Investments Japan, K.K. is regulated by the Japan Financial Services Agency.
• Northern Trust Global Services Ltd (UK) Sweden Filial is Authorised by the Financial Services Authority and subject to regulation by the Finansinspektionen.