Global financial services provider Northern Trust Corp. has won a series of Common Investment Fund (CIF) mandates, increasing its assets under administration by some 30 percent in the past one year. The Chicago, Illinois–based firm’s mandate includes $1.3 billion Veolia CIF and $600 million TUI Travel PLC CIF.
It has also seen an extension of its $2.3 billion States of Jersey CIF mandate. Northern Trust supports some 200 U.K. pension fund clients, comprising 34 percent of the top 200 U.K. pension schemes and 36 percent of all local government pension plans in the country.
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