The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InNorthern Trust has been selected by the Sacramento County Employees’ Retirement System (SCERS) to provide a comprehensive suite of asset servicing solutions. Under the new mandate, Northern Trust will deliver global custody, securities lending, and accounting services for the $15 billion public pension fund. The selection was driven by Northern Trust's advanced technology and its specialized commitment to streamlining financial reporting for public funds. This partnership aims to enhance operational efficiency and simplify complex financial processes for SCERS. The move underscores continued institutional confidence in Northern Trust’s ability to manage large-scale assets and provide innovative outsourced solutions. Securing this mandate represents a solid operational win for the firm within the global asset servicing sector.