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Fri, September 7, 2012
[ 08:13 AM ] - Market Wire
Scheme Effective

States of Jersey Selects Northern Trust for GB£;3.2 Billion Mandate


Published on 2012-09-07 04:16:44 - Market Wire
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LONDON--([ ])--The government of Jersey has appointed Northern Trust (Nasdaq: NTRS) to provide data, analytics and consolidated reporting to GB3.2 billion (US$4.9 billion) in assets.

"Our pension fund clients face increased challenges and regulatory pressures to provide a consistent and consolidated view of all their assets"

The States of Jersey, the government of Jersey, appointed Northern Trust to support their requirements for data, analytics and consolidated reporting, following a competitive tender to provide record master record keeping across the States of Jerseyas Common Investment Fund, the Jersey Teachersa Superannuation Fund, and the States of Jersey Public Employees Contributory Retirement Scheme. The appointment adds to Northern Trustas existing mandates to provide custody, investment accounting and performance services for the States of Jerseyas Common Investment Fund (CIF) and the Jersey Teachersa Superannuation Fund.

aWe are pleased to appoint Northern Trust which demonstrated they could support our unique and evolving requirements,a said Laura Rowley, treasurer of the States of Jersey. aNorthern Trustas customised solution, which included accounting, performance measurement, and compliance monitoring across all of our entities, is supported by their ability to look through to our underlying holdings within our pooled funds and provide better reporting and risk analysis.a

aOur pension fund clients face increased challenges and regulatory pressures to provide a consistent and consolidated view of all their assets,a said Douglas Gee, head of UK sales for the institutional investor group at Northern Trust. aWe continue to see demand for timely, accurate and independently valued data, in some cases regardless of their other existing custodian arrangements.a

aBy leveraging both our experience servicing multinational organisations and our global operating platform and reporting portal, Passport, we are able to support States of Jerseyas consolidated reporting needs,a he added.

Northern Trust provides custody and related services to approximately 34 percent of the top 200 pension funds in the UK and 36 percent of all UK Local Government Pension Schemes. Earlier this year, Northern Trust announced it had added more than US$80 billion in assets under custody on behalf of new UK pension fund clients over the past three years.

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 June 30, 2012, Northern Trust had assets under custody of US$4.6 trillion, and assets under investment management of US$704.3 billion. For more than 120 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 ] or follow us on Twitter @NorthernTrust.

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, Northern Trust Securities 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 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 Investments Limited has a Netherlands branch, which is authorised by the Financial Services Authority and subject to regulation in the Netherlands by the Autoriteit Financile Markten. Northern Trust Global Services Limited has a Netherlands Branch, which is authorised and regulated in the Netherlands by De Nederlandsche Bank. Northern Trust Global Investments Limited has a Sweden branch, which is authorised by the Financial Services Authority and subject to regulation in Sweden by the Finansinspektionen. Northern Trust Global Services Ltd (UK) Sweden Filial is authorised by the Financial Services Authority and subject to regulation by the Finansinspektionen. Northern Trust Global Services Limited operates in Abu Dhabi as a Representative Office. Our registered office is authorised and regulated by the Central Bank of the United Arab Emirates. 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 has a branch in China regulated by the China Banking Regulatory Commission. The Northern Trust Company of Hong Kong Limited is regulated by the Hong Kong Securities and Futures Commission. Northern Trust Global Investments Japan, K.K. is regulated by the Japan Financial Services Agency. 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 operates in Canada as The Northern Trust Company, Canada Branch, which is an authorised 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 authorised 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.

IRS CIRCULAR 230 NOTICE: To the extent that this message or any attachment concerns tax matters, it is not intended to be used and cannot be used by a taxpayer for the purpose of avoiding penalties that may be imposed by law. For more information about this notice, see [ http://www.northerntrust.com/circular230 ].

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