HRM Master Trust keeps Northern Trust

Northern Trust has been retained as named trustee and custodian for the Halifax Regional Municipality Master Trust, which includes two pension plans with combined assets of approximately $1.35 billion.

Northern Trust will provide custody, securities lending, and benefit payment services.

“We are extremely pleased that we will continue to be able to work with such a well-respected institution,” says Arti Sharma, president and CEO of Northern Trust, Canada.