Northern Trust has been appointed by Cadent Gas Pension Trustee Limited as custodian for its public and private assets as well as for performance and SORP reporting for its £4.6bn defined benefit scheme.
The appointment follows a detailed due diligence exercise, which Cadent says was managed independently.
“Northern Trust is an industry leader in supporting the needs of the asset owner community and the UK pension sector specifically,” said Ian Hamilton, Head of Asset Owners Europe, Northern Trust.
“We are well positioned to help Cadent Gas Pension Scheme with their changing requirements, and we look forward to working collaboratively, helping them reach their goals.”
