Northern Trust Selected as Custodian for $18.5 Billion State of New Mexico Educational Retirement Board Public Fund

CHICAGO--(BUSINESS WIRE)--Northern Trust (Nasdaq: NTRS) today announced that it has been selected by the State of New Mexico Educational Retirement Board (NMERB) to provide asset servicing solutions to the $18.5 billion fund including custody, accounting, post-trade compliance, performance measurement and advanced support for alternative and derivative investments as well as their financial reporting requirements.

NMERB provides secure retirement benefits to active and retired employees of New Mexico public schools, institutions of higher learning and certain employees at state agencies who work in educational programs.

“We’re proud to support NMERB as they continue to advance their investment operations,” said Melanie Pickett, Head of Asset Servicing, Americas. “As asset servicing provider to nearly 250 public fund clients, including more than 40 new mandates in the last five years, our growth reflects the value we place on collaboration, tailored client service, and continuous improvement. By leveraging Northern Trust’s advanced analytics and streamlined reporting tools, NMERB can enhance transparency for its stakeholders and improve decision-making processes for its investment team.”

David Archuleta, Executive Director at NMERB, said: “From the start, Northern Trust demonstrated a genuine commitment to understanding our needs and being a true extension of our team. We’re confident that their attentive, responsive service model and strong focus on operational efficiencies will strengthen NMERB’s ability to serve its members.”

For many decades, Northern Trust has been dedicated to serving the needs of global asset owners. The goal within the asset owner segment is to empower the missions of its clients, helping them to maximize investment returns so that they may serve their constituents, their communities, and the world.

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 a global presence with offices in 24 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of June 30, 2025, Northern Trust had assets under custody/administration of US$18.1 trillion, and assets under management of US$1.7 trillion. For more than 135 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit us on northerntrust.com. Follow us on Instagram @northerntrustcompany or Northern Trust on LinkedIn.

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/terms-and-conditions.