UK Local Government Pension Scheme (LGPS) pool Border To Coast Pensions Partnership Limited has reappointed Northern Trust to provide asset servicing solutions.
Services provided by Northern Trust include fund administration, custody, brokerage, securities lending and depositary services.
Established in 2018 as a regulated asset manager, Border To Coast is one of the UK’s largest pension pools. Owned by 11 LGPS funds with £60bn of investments, it was formed to consolidate the investment of the partner funds, collectively responsible for over 1.1 million LGPS members.
Executive interview: Bond diversification with Border to Coast
Fiona Miller, deputy chief executive officer at Border To Coast Pensions Partnership Limited, commented: “Northern Trust has been instrumental in supporting our growth through the extension of services into more innovative asset classes and continues to deliver change whilst maintaining high integrity on daily delivery.”
James Wright, head of asset owners, Europe, Middle East and Africa at Northern Trust, added: “We specialise in delivering dynamic, client-centred solutions to support the evolving needs of our pension fund clients across their entire organisation.”
