Northern Trust heads global custody mandate wins

Annual survey of top 50 deals sees $412 billion awarded

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Custody Risk’s 12th top 50 global custody mandates review saw a total of $412 billion awarded, with Northern Trust topping the list with a $106 billion win for a tailored custody and collateral management solution from the largest pension plan in Denmark.

The deal powered Northern Trust to the head of the pack as it publicly disclosed $142 billion in mandate wins overall. The Chicago-headquartered custodian also achieved another mandate in the top 10 from Strathclyde Pension Fund to handle its gl