BAE Systems Pension Funds has appointed Northern Trust as global custodian for the fund's entire £6bn (€8.7bn) portfolio.

Mike Cattell, administatraion manager for the BAE Systems' funds, said: "Working with our consultants Thomas Murray, we reviewed our current and future requirements for core custody and additional services. We were seeking the highest level of protection for our assets, the most relevant and competitive services and the most efficient, robust and flexible systems."

BAE Systems funds appoint Northern Trust for custody

Pirkko Juntunen

Northern Trust

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