Northern Trust has won the custody mandate for Nestlé Switzerland’s Sfr7bn (€4.6bn) pension fund. The fund, based in Vevey, will receive domestic and global custody and related services, including risk performance, performance measurement, online services, Swiss stamp tax processing and reporting.
Says Lucille Knapp of Northern Trust: “Major reasons given to us included our global presence – allowing us to serve Nestlé in several countries, also out of Europe”.

Topics