Source: Northern Trust
Northern Trust announced today it has been selected as global custodian for the Employees Retirement System of the State of Hawaii.
On April 1, Northern Trust began providing custody and related services, including, securities lending, cash sweep and performance reporting, to the $11 billion fund serving 106,000 active and retired state and county government employees in Hawaii.
"Northern Trust is pleased and honored to serve as custodian for the Hawaii Employees' Retirement System," said Connie Lindsey, executive vice president and group head of the Public Entities and Institutions segment in the Corporate & Institutional Services business unit at Northern Trust. "Our unwavering commitment to provide unrivaled client satisfaction and a deep understanding of the public funds market allows us to continue to help our clients grow and manage sophisticated investment programs."