Administration October 10, 2003

New Mexico Board of Finance Selects Northern Trust For Custodian Services

October 10, 2003 (PLANSPONSOR.com) - 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.
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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.  

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