Folksam awards e14bn global custody mandate

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EUROPE - Swedish insurance giant Folksam has appointed Northern Trust global custodian for all of its US$17bn (e14bn) in insurance assets and mutual funds.

Folksam is one of Sweden’s biggest asset managers with some 70 offices throughout the country. In addition to the mandate, Northern Trust will provide trustee services to Folksam via a new agree...

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