Cadent Gas picks Northern Trust as custodian
30 October 2024 UK
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Northern Trust has been appointed by Cadent Gas Pension Trustee as custodian for its public and private assets.
This will be delivered in conjunction with performance and SORP reporting for Cadent Gas’ benefit scheme.
The appointment comes after a detailed due diligence exercise, where the company had a key focus on finding an asset servicing partner to effectively support and manage its pension scheme. This resulted in Cadent Gas selecting Northern Trust.
Commenting on the appointment, head of asset owners at Northern Trust, Ian Hamilton, states: “Northern Trust is an industry leader in supporting the needs of the asset owner community and the UK pension sector specifically. 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.”
This will be delivered in conjunction with performance and SORP reporting for Cadent Gas’ benefit scheme.
The appointment comes after a detailed due diligence exercise, where the company had a key focus on finding an asset servicing partner to effectively support and manage its pension scheme. This resulted in Cadent Gas selecting Northern Trust.
Commenting on the appointment, head of asset owners at Northern Trust, Ian Hamilton, states: “Northern Trust is an industry leader in supporting the needs of the asset owner community and the UK pension sector specifically. 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.”
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