Northern Trust chosen as custodian for NMERB 27 August 2025US Reporter: Tahlia Kraefft
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The State of New Mexico Retirement Board (NMERB) has picked Northern Trust to give asset servicing provisions to its US$18.5 billion fund.
The offerings provided by Northern Trust to NMERB will include custody, accounting, post-trade compliance, performance measurement, and advanced support for alternative and derivative investments as well as their financial recording needs.
NMERB delivers retirement benefits to current and past staff of New Mexico public schools, higher learning institutions and specific employees at state agencies working in education programmes.
Melanie Pickett, head of Asset Servicing, Americas says: “ By leveraging Northern Trust’s advanced analytics and streamlined reporting tools, NMERB can advance transparency for its stakeholders and improve decision-making processes for its investment team.”
David Archuleta, executive director at NMERB, comments: “We’re confident that their attentive, responsive service model and strong focus on operational efficiencies will strengthen NMERB’s ability to serve its members.”
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