OREANDA-NEWS. Ottawa-based Nunavut Trust (the “Trust”) has selected Northern Trust to serve as global custodian for its C\$1.6 billion in assets. Northern Trust will also provide cash management, securities lending, ex-ante predictive risk analytics, foreign exchange, class action processing, and alternative asset accounting services to the Trust.

“Northern Trust’s advanced technology platform and the expertise needed to account and report on alternative assets were some of the key differentiators for us,” said Fern Elliott, CEO of Nunavut Trust. “In addition, enhanced, customizable reporting capabilities will give us the opportunity to efficiently and effectively analyze our investment data. We look forward to working with a firm committed to serving the Canadian market and to delivering a broad spectrum of high-quality services, customized options and ever-improving technology.”

The Nunavut Trust was established in 1990 to manage, on behalf of the beneficiaries, capital transfers paid to the Inuit of Nunavut as laid out in the Nunavut Land Claims Agreement signed by the Inuit of Nunavut and the Government of Canada.

“We are delighted to announce Nunavut Trust as a significant new client,” said Arti Sharma, head of The Northern Trust Company, Canada. “With our strong service culture and ability to enhance efficiency through technology, Northern Trust can be a key resource for the Trust. We are committed to continued product and technology innovation and service excellence to maintain our growth in the Canadian institutional market.”

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 December 31, 2014, Northern Trust had assets under custody of US\$6 trillion, and assets under management of US\$934 billion. For 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.