New Mexico Board of Finance Selects Northern Trust For Custodian Services

October 10, 2003 ( - Northern Trust has been selected to serve as custodian for $28 billion in assets for a quartet of New Mexico State Board of Finance Agencies.

Northern Trust was also tapped to provide cash management and performance services to the New Mexico state agencies, in addition to acting in a custodial role.   The assets have already transitioned, according to a news release.

The four agencies impacted by the deal are:

  • the State Treasurer’s Office
  • the Public Employees Retirement Association
  • the Education Retirement Board
  • the State Investment Council.