Wyoming Retirement System Selects Northern Trust for Global Custody Services
October 06 2015 - 12:26PM
Business Wire
The Wyoming Retirement System (WRS) has completed a transition
to Northern Trust for services including global custody for the
system’s $7.4 billion in assets. Northern Trust will also provide
securities lending, foreign exchange and performance reporting
services.
“Northern Trust’s expertise, service-oriented culture, and
streamlined technology platforms were important factors in our
selection,” said WRS Executive Director Ruth Ryerson. “Northern
Trust specializes in the services that meet the needs of our
organization, and the efficiency of their systems and processes
will benefit WRS throughout our continued relationship.”
Wyoming Retirement System administers retirement benefits for
employees of over 700 public employers statewide. Currently, the
membership totals nearly 42,000 active members, 26,000 retired
members, 6,000 vested inactive members and approximately 22,000
non-vested inactive members. The active membership is comprised of
employees from state and local government, school districts, the
University of Wyoming, community colleges, and various other
political subdivisions.
“We are excited about the opportunity to help the Wyoming
Retirement System meet their unique needs and objectives by
offering tailored solutions,” said Marc Cosentino, head of Northern
Trust Client Services for Public Funds. “Our integrated technology
platform, and our emphasis on client service and industry
expertise, will enable WRS to achieve scale and efficiency
throughout our collaboration.”
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 offices in the
United States in 19 states and Washington, D.C., and 20
international locations in Canada, Europe, the Middle East and the
Asia-Pacific region. As of June 30, 2015, Northern Trust had assets
under custody of US$6.2 trillion, and assets under management of
US$946 billion. For more than 125 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 http://www.northerntrust.com/disclosures.
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version on businesswire.com: http://www.businesswire.com/news/home/20151006006606/en/
Media Contacts:Northern Trust Contact:Tim Hacker+1 312 557
6090Tim_Hacker@ntrs.comhttp://www.northerntrust.comorWyoming
Retirement System Contact:Ben TonakInformation Officer+1 307
777-7776ben.tonak@wyo.govhttp://retirement.wyo.gov
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