University fund mandate for Northern Trust 11 July 2016Richmond, Virginia Reporter: Stephanie Palmer
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Northern Trust has been selected to provide global custody services for the investment funds of the Virginia Commonwealth University Investment Management Company (VCIMCO).
Based in Richmond, VCIMCO provides investment management services to the Virginia Commonwealth University. Northern Trust will also provide the company with fund accounting and administration services.
William Lee, COO of VCIMCO, said: “Northern Trust’s innovative custody platform along with their expertise in servicing alternative investments were key differentiators for us.”
“They offer high-quality client service, robust technology solutions and a broad array of services, which solidified our selection. We are excited to work with Northern Trust as we evolve and grow together.”
Pete Cherecwich, head of the Americas for corporate and institutional services at Northern Trust, said: “The addition of VCIMCO is a testament to our culture of client-focused solutions and dedication to understanding our clients’ business needs and objectives. We remain committed to continued product and technology innovation and service excellence to benefit our clients.”
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