Wake Forest University, a private university based in North Carolina, has selected Northern Trust as global custodian to service approximately $1.1 billion in endowment assets.
"Wake Forest University can rely on Northern Trust for our strong commitment to client service and innovation in custody and reporting solutions that provide increased transparency into complex investment portfolios," said David Fox, head of corporate and institutional services in the Americas for Northern Trust.
Vicki West, director of operations for the office of investments, said that the university is excited to work with Northern Trust.
"Their commitment to providing global expertise, a culture based on specialised service, and flexibility to meet both our current and future needs aligns well with our goals of 'protect, perform, provide’—protecting the endowment, performing over inflation, and providing for our students."
