NT takes biscuit
Northern Trust has won a custody mandate for the £90m (e141m) portfolio to be managed by Capital International for the £900m United Biscuits Pension Fund. The bank will provide custody accounting and foreign exchange services. Consultants Bacon & Woodrow acted as advisers to the fund.
Separately, the bank has appointed Jussi Louekoski as a new business development officer for the Nordic countries. He will be based in London, having worked previously from Deutsche Bank and JP Morgan Investment Management.