Northern Trust chosen as custodian for NMERB public fund

Northern Trust chosen as custodian for NMERB public fund

Northern Trust Corporation (Nasdaq: NTRS) has been selected by the State of New Mexico Educational Retirement Board (NMERB) to provide asset servicing solutions for the $18.5 billion public fund. The announcement was made on August 26, 2025, and includes services such as custody, accounting, post-trade compliance, performance measurement, and advanced support for alternative and derivative investments, as well as financial reporting requirements [1].

NMERB provides secure retirement benefits to active and retired employees of New Mexico public schools, institutions of higher learning, and certain employees at state agencies who work in educational programs. The selection of Northern Trust underscores the institution's commitment to enhancing transparency and improving decision-making processes for its investment team [1].

Northern Trust has a strong track record in the asset servicing industry, with a global presence and a history of serving nearly 250 public fund clients, including over 40 new mandates in the last five years. The company's advanced analytics and streamlined reporting tools are expected to play a significant role in NMERB's investment operations [1].

David Archuleta, Executive Director at NMERB, expressed confidence in Northern Trust's attentive and responsive service model, which aligns with NMERB's needs and operational efficiencies. Melanie Pickett, Head of Asset Servicing, Americas, at Northern Trust, stated that the company is proud to support NMERB in advancing its investment operations [1].

Northern Trust Corporation, founded in 1889, is a leading provider of wealth management, asset servicing, asset management, and banking services. As of June 30, 2025, the company had assets under custody/administration of $18.1 trillion and assets under management of $1.7 trillion [1].

References:
[1] https://www.stocktitan.net/news/NTRS/northern-trust-selected-as-custodian-for-18-5-billion-state-of-new-0he9sl0ewdsl.html