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 Advisors, is consulting on establishing investment and asset allocation guidelines.

The National Council has been recently established as a centralized, fully-funded pensions fund of last resort intended to cover urban retirees should their provincial or...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222