TORONTO--(BUSINESS WIRE)--Alberta Trailer Company and Canada Utilities Limited (“ATCO”) has selected Northern Trust to provide global custody and master trust services for its CAD $2.8 billion in pension assets. Northern Trust will also provide investment risk and analytics and benefit payment services.
“We were impressed by Northern Trust’s exemplary client service and personalized options to fit our needs,” said Paul Walker, Manager, Pension Investments at ATCO. “Northern Trust’s Passport client portal, which provides easy access to data and reporting tools, was also an important factor in our decision. Ultimately, we think Northern Trust is well-equipped to help us serve our beneficiaries and look forward to a mutually beneficial collaboration.”
Based in Alberta, ATCO is one of Canada's premier corporations. ATCO Group is a $19 billion enterprise with nearly 8,000 employees, engaged in structures & logistics, electricity, pipelines & liquids, and retail energy.
From the safe and reliable delivery of natural gas and electricity to providing modular housing and water infrastructure solutions, ATCO has a consistent record of quality service and products, customer satisfaction, an excellent safety record and sustainable growth for our share owners.
“It’s a great honor to welcome ATCO to our growing list of Canadian institutional clients,” said Arti Sharma, head of Northern Trust, Canada. “At Northern Trust, we believe that attention to detail, accessible client data delivery and management tools, and proactive advice and expertise will help us continue to grow and serve our clients effectively.”
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has offices in the United States in 19 states and Washington, D.C., and 20 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2016, Northern Trust had assets under custody of US$6.2 trillion, and assets under management of US$900 billion. For more than 125 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit northerntrust.com or follow us on Twitter @NorthernTrust.
Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/disclosures.