University of Victoria Appoints Northern Trust Canada as Custodian for Pension and Foundation Assets

Northern Trust Canada has been appointed by The University of Victoria (UVic) to provide trustee, global custody, pension benefit payments and associated services for its approximately CAD $2.0 billion in pension and foundation assets.

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Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Thursday, June 4, 2020
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Finance, Banking, Professional services, University, Education, Economy, Finance, Money, Financial services, Pensions, Financial markets, Northern Trust, Pension fund, Trust law, University of Victoria, Investment management
Geotags: 
ONTARIO, United States, Canada, Illinois
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NORTHERN TRUST
Summary
Key Points: 
  • Northern Trust Canada has been appointed by The University of Victoria (UVic) to provide trustee, global custody, pension benefit payments and associated services for its approximately CAD $2.0 billion in pension and foundation assets.
  • "We are thrilled to have been chosen by UVic," said Katie Pries, President and CEO of Northern Trust Canada.
  • Northern Trust Canada has been successfully servicing clients for over 30 years including pension funds, investment managers, insurance companies, government agencies and corporations.
  • As of March 31, 2020, Northern Trust had assets under custody/administration of US $10.9 trillion, and assets under management of US $1.1 trillion.


Northern Trust Canada has been appointed by The University of Victoria (UVic) to provide trustee, global custody, pension benefit payments and associated services for its approximately CAD $2.0 billion in pension and foundation assets.

“UVic selected Northern Trust Canada for its strong focus on client service, leading-edge technology and single operating platform, which allows us to realize best practices and become more efficient,” said Andrew Coward, Treasurer of the University of Victoria. “We had a great working relationship from planning and preparation leading up to a smooth transition. Further, we are thankful to have transitioned to Northern Trust early in the New Year as we have experienced seamless support and service during the current Covid-19 pandemic. Automated Benefit Payment processes have been very helpful to UVic staff as they work from home.”

"We are thrilled to have been chosen by UVic," said Katie Pries, President and CEO of Northern Trust Canada. "This selection demonstrates our global custody offering is resonating with the most prestigious Canadian universities. We look forward to continuing our partnership with UVic to help them achieve their strategic goals.”

Northern Trust – Canada

A global leader in institutional financial services, our exclusive focus in Canada is on providing asset servicing and asset management solutions to institutional asset owners, investment managers, foundations and endowments. We combine regional insights with a global breadth of capabilities to support your needs.

Northern Trust Canada has been successfully servicing clients for over 30 years – including pension funds, investment managers, insurance companies, government agencies and corporations. Our rich heritage and intricate understanding of the region allows us to provide unique insights and strategic perspectives to our clients. Visit northerntrust.com/canada to learn more.

Northern Trust Canada Office: 145 King Street West, Suite 1910, Toronto, Ontario, Canada M5H 1J8.

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 22 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2020, Northern Trust had assets under custody/administration of US $10.9 trillion, and assets under management of US $1.1 trillion. For more than 130 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit northerntrust.com or follow us on Twitter @NorthernTrust.

Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/united-states/terms-and-conditions.

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