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Northern Trust Selected as Custodian for $18.5 Billion New Mexico Educational Retirement Board Public Fund
ByAinvest
Thursday, Aug 28, 2025 5:44 pm ET1min read
Northern Trust has been selected as the custodian for the $18.5 billion New Mexico Educational Retirement Board public fund. The collaboration will provide comprehensive asset servicing solutions, including custody, advanced analytics, and streamlined reporting tools. Northern Trust's commitment to understanding client needs and enhancing operational efficiencies were key factors in the selection.
Northern Trust (Nasdaq: NTRS) has been selected to provide asset servicing solutions for the $18.5 billion New Mexico Educational Retirement Board (NMERB) public fund. This strategic partnership aims to enhance the fund's operational efficiency and transparency through comprehensive asset servicing solutions, including custody, advanced analytics, and streamlined reporting tools.Northern Trust's selection was driven by its proven track record of understanding client needs and delivering exceptional service. Melanie Pickett, Head of Asset Servicing, Americas, expressed pride in supporting NMERB's investment operations, highlighting the company's growth and commitment to collaboration and continuous improvement [1].
David Archuleta, Executive Director at NMERB, praised Northern Trust's attentive and responsive service model, as well as its strong focus on operational efficiencies. He is confident that this partnership will strengthen NMERB's ability to serve its members effectively [1].
Northern Trust, with its extensive global presence and over 135 years of industry leadership, has earned distinction for its exceptional service, financial expertise, integrity, and innovation. As of June 30, 2025, Northern Trust had assets under custody/administration of US$18.1 trillion, and assets under management of US$1.7 trillion [1].
This collaboration underscores Northern Trust's dedication to empowering the missions of its clients by maximizing investment returns and serving constituents, communities, and the world [1].
References:
[1] https://www.morningstar.com/news/business-wire/20250826038129/northern-trust-selected-as-custodian-for-185-billion-state-of-new-mexico-educational-retirement-board-public-fund
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