Northern Trust has been selected as the custodian of the Nebraska Investment Council (NIC) pension funds.
Northern Trust will provide asset management and asset servicing solutions for the pension funds, in addition to custody, portfolio analytics and securities lending services.
NIC provides investment services to the state of Nebraska and is in charge of the investment of assets in state pensions and trust funds.
Michael Walden-Newman, chief information officer at NIC, says: “[Northern Trust’s] dedication to the public fund space, as well as their reputation for consistent, high-quality data and advanced technology, position them well to help us as we continue to service our constituents.”
Melanie Pickett, head of asset owners, Americas at Northern Trust, adds: “At Northern Trust, we value our client relationships and have been working to further connect the community of asset owners. We are dedicated to servicing public funds like the NIC and specialise in meeting their needs with dynamic solutions. It is our privilege to provide asset servicing and asset management capabilities to the NIC.”
