Northern Trust: to provide solutions to the $18.5B fund

Northern Trust: to provide solutions to the $18.5B fund

CHICAGO, IL—Northern Trust (Nasdaq: NTRS) has been selected by the State of New Mexico Educational Retirement Board (NMERB) to provide comprehensive asset servicing solutions for its $18.5 billion fund. The agreement 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.

NMERB, which provides secure retirement benefits to active and retired employees of New Mexico public schools, institutions of higher learning, and certain employees at state agencies, has chosen Northern Trust for its robust asset servicing capabilities. Melanie Pickett, Head of Asset Servicing, Americas, at Northern Trust, highlighted the company's commitment to collaboration and tailored client service, stating, "We're proud to support NMERB as they continue to advance their investment operations. By leveraging Northern Trust’s advanced analytics and streamlined reporting tools, NMERB can enhance transparency for its stakeholders and improve decision-making processes for its investment team."

David Archuleta, Executive Director at NMERB, expressed confidence in Northern Trust's attentive and responsive service model, noting that the firm's strong focus on operational efficiencies will strengthen NMERB’s ability to serve its members.

Northern Trust, with a global presence and a history dating back to 1889, has been dedicated to serving the needs of global asset owners. The company’s extensive experience and expertise in asset servicing, wealth management, and banking position it as a trusted partner for institutional clients seeking to maximize investment returns.

Northern Trust Corporation, with assets under custody/administration of $18.1 trillion and assets under management of $1.7 trillion as of June 30, 2025, has earned a reputation for exceptional service, financial expertise, integrity, and innovation. This latest mandate further solidifies Northern Trust’s standing as a leader in the asset servicing industry.

References:
[1] https://www.stocktitan.net/news/NTRS/northern-trust-selected-as-custodian-for-18-5-billion-state-of-new-0he9sl0ewdsl.html
[2] https://www.marketscreener.com/news/northern-trust-selected-as-custodian-for-18-5-billion-state-of-new-mexico-educational-retirement-bo-ce7c50d9da8cf721