Northern Trust will provide custody, securities lending, and benefit payment services.
Terri Troy, CEO for the Halifax Regional Municipality Pension Plan, said: "Northern Trust’s advanced technology gives us access to key data in a variety of report formats and automates our benefit payment system. Northern Trust"s online payment system allows us to pay invoices and transfer cash between accounts on a more timely and accurate basis. We can also quickly and efficiently analyze various components of our portfolio, which aids us in the investment decision making process."
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Arti Sharma, president and CEO of Northern Trust, Canada, said: "We are extremely pleased that we will continue to be able to work with such a well-respected institution. Our dedication to making client data both safe and accessible, in addition to personalized service, will help support plan participants and lead to continued success in the Canadian market."
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