Northern Trust advising Chinese pension fund

The American custodian will help the new central social security fund with risk management and back office capabilities.

Northern Trust, the US-based custodian and wealth management firm, has been appointed by the World Bank's private sector arm, the International Finance Corporation, to advise the new National Council for Social Security Fund in Beijing on middle- and back-office systems.

This makes it the latest in a line of advisers helping the Social Security Fund, including Principal Global Investors, which is training Fund staff, and the Caisse de Depot et Placements du Quebec which, along with State Street Global...

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