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Northern Trust wins £4.6bn sec lending mandate

28 July 2011

BNY Mellon, LCH.Clearnet's SwapClear, BlackRock, Brown Brothers Harriman and Fidessa also arrange deals

Read more: Northern Trust BNY Mellon LCH.Clearnet's SwapClear BlackRock Brown Brothers Harriman Fidessa

Northern Trust has been awarded a £4.6bn ($7.5bn) mandate to provide global custody, securities lending, transition management, investment risk and analytical services, cash and foreign exchange services to Lancashire County Council, one of the United Kingdom’s largest local government pension schemes. The mandate encompasses both pension fund and treasury assets.

Lancashire County Council was advised by consultants, Thomas Murray, and follows other local government pension scheme wins announced by Northern Trust this year. These include the...