Cadent Gas Pension Trustee Limited Appoints Northern Trust as Custodian for its £4.6 Billion Pension Scheme
Northern Trust (NTRS) has been appointed as custodian by Cadent Gas Pension Trustee for its £4.6 billion (US$6 billion) defined benefit scheme. The appointment, following an independent due diligence exercise, covers custody services for public and private assets, along with performance and SORP reporting. Northern Trust's asset owner business currently services over 370 clients with US$2.8 trillion in assets under custody across Europe, Middle East and Africa as of August 2024.
Northern Trust (NTRS) è stato nominato come custode da Cadent Gas Pension Trustee per il suo piano pensionistico a prestazione definita del valore di 4,6 miliardi di sterline (6 miliardi di dollari statunitensi). La nomina, che è seguita a un esercizio di due diligence indipendente, comprende servizi di custodia per attivi pubblici e privati, unitamente alla reporting delle performance e SORP. Attualmente, il settore per i proprietari di asset di Northern Trust serve oltre 370 clienti con 2,8 trilioni di dollari in attivi in custodia in Europa, Medio Oriente e Africa, a partire da agosto 2024.
Northern Trust (NTRS) ha sido designado como custodio por Cadent Gas Pension Trustee para su plan de pensiones de prestación definida de £4.6 mil millones (6 mil millones de dólares estadounidenses). La designación, que sigue a un ejercicio de diligencia debida independiente, abarca servicios de custodia para activos tanto públicos como privados, junto con informes de rendimiento y SORP. El negocio de propietarios de activos de Northern Trust actualmente da servicio a más de 370 clientes con 2.8 billones de dólares en activos bajo custodia en Europa, Medio Oriente y África, a partir de agosto de 2024.
노던 트러스트 (NTRS)는 카던 가스 연금 수탁자에 의해 46억 파운드 (60억 달러)의 확정급여형 연금 계획에 대해 수탁자로 임명되었습니다. 독립적인 실사 작업에 이어 이루어진 이번 임명은 공공 및 민간 자산에 대한 수탁 서비스와 성과 및 SORP 보고를 포함합니다. 노던 트러스트의 자산 소유자 사업은 현재 2024년 8월 기준으로 유럽, 중동 및 아프리카 전역에서 2.8조 달러의 수탁 자산을 보유한 370개 이상의 고객을 서비스하고 있습니다.
Northern Trust (NTRS) a été nommé dépositaire par Cadent Gas Pension Trustee pour son régime de retraite à prestations définies d'une valeur de 4,6 milliards de livres (6 milliards de dollars américains). Cette nomination, à la suite d'un exercice de diligence raisonnable indépendant, couvre les services de garde pour des actifs publics et privés, ainsi que les rapports de performance et SORP. L'activité de Northern Trust pour les propriétaires d'actifs sert actuellement plus de 370 clients avec 2,8 billions de dollars d'actifs sous garde en Europe, au Moyen-Orient et en Afrique à partir d'août 2024.
Northern Trust (NTRS) wurde von Cadent Gas Pension Trustee als Treuhänder für sein Leistungsplanvermögen in Höhe von 4,6 Milliarden Pfund (6 Milliarden US-Dollar) ernannt. Die Ernennung, die auf einem unabhängigen Due-Diligence-Verfahren basiert, umfasst Treuhanddienste für öffentliche und private Vermögenswerte sowie Leistungs- und SORP-Berichterstattung. Das Asset-Owner-Geschäft von Northern Trust betreut derzeit über 370 Kunden mit einem Vermögen von 2,8 Billionen US-Dollar in Verwahrung in Europa, dem Nahen Osten und Afrika, Stand August 2024.
- Secured new custody mandate for £4.6 billion pension scheme
- Expands presence in UK pension sector
- Adds to existing US$2.8 trillion assets under custody in EMEA region
- None.
Cadent Gas Pension Scheme appointed Northern Trust following a detailed due diligence exercise, managed independently. A key focus was to find an asset servicing partner to support the Scheme through its defined benefit journey.
“Northern Trust is an industry leader in supporting the needs of the asset owner community and the
Northern Trust’s asset owner business provides custody services to more than 370 clients with collectively
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
Northern Trust Corporation, Head Office: 50 South La Salle Street,
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Camilla Greene
+44 20 7982 2176
Camilla_Greene@ntrs.com
Simon Ansell
+44 (0) 20 7982 1016
sa777@ntrs.com
US &
John O’Connell
+1 312 444 2388
John_O’Connell@ntrs.com
Source: Northern Trust
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