NT to run EUR295.3m tobacco fund

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SWITZERLAND - Northern Trust Global Investments (NTGI) has been appointed by British American Tobacco (BAT) to manage the pension fund of its Swiss operations.

NTGI's EUR295.3m (US$270m) mandate will be run on a multi-manager basis and is the firm's first mandate win in Switzerland. BAT was advised by William M Mercer. Securing the Swiss BAT mandate mark...

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