£345 million charity mandate for Northern Trust
14 May 2012 London
Northern Trust will provide custody and related services for £345 million in charity assets for The Nesta Trust, adding to previously announced mandates of charities including the £710 million Health Foundation, and the £881 million National Trust.
"As a newly created charity we were looking for a custodian that could demonstrate a strong track record in providing solutions for charities, foundations and endowments and understood our distinct challenges," said Matt Mead, chief investment and financial officer at Nesta. "In particular we were looking for an asset servicing provider that could support our investments in a broad mixture of asset classes and provide leading broker dealer and transition management services."
"We are acutely aware of the unique challenges faced by charities -- particularly as they look to adapt to changing regulatory requirements and meet their funding objectives," said Douglas Gee, head of sales for Northern Trust's Institutional Investor Group.
"Through our experience servicing charities, foundations and endowments we have aligned our asset servicing and asset management expertise to best effect to support their requirements and navigate these complexities.
The Nesta Trust is an independent charity that provides investments and grants.
"As a newly created charity we were looking for a custodian that could demonstrate a strong track record in providing solutions for charities, foundations and endowments and understood our distinct challenges," said Matt Mead, chief investment and financial officer at Nesta. "In particular we were looking for an asset servicing provider that could support our investments in a broad mixture of asset classes and provide leading broker dealer and transition management services."
"We are acutely aware of the unique challenges faced by charities -- particularly as they look to adapt to changing regulatory requirements and meet their funding objectives," said Douglas Gee, head of sales for Northern Trust's Institutional Investor Group.
"Through our experience servicing charities, foundations and endowments we have aligned our asset servicing and asset management expertise to best effect to support their requirements and navigate these complexities.
The Nesta Trust is an independent charity that provides investments and grants.
NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
![Advertisement](../images/bull-252524.png)