UK - Middlesbrough Borough Council (MBC) has re-awarded the global custody mandate for its pension fund to Northern Trust. There were a total of five bids for the contract.
The custody contract, worth £310,000 (US$629,000), will run for four years. The MBC fund, worth £2.2bn (US$4.46bn), provides retirement benefits to some 50,000 members and beneficiaries across the ...
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