HOOPP appoints Northern Trust as global custodian

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CANADA - The Hospitals of Ontario Pension Plan (HOOPP), one of Canada's largest pension plans, has appointed Northern Trust as its new global custodian.

The firm will also provide securities, lending and foreign exchange services to the C$22bn plan. Commenting on the mandate, Clint Matthews, HOOPP's vice-president, Investment Finance, said: “Aft...

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