Northern Trust secures RPMI Railpen deal
Northern Trust has been selected to provide investment operations outsourcing services, including collateral management, to RPMI Railpen, manager of the Railways Pension Scheme.
Under the terms of the agreement, Northern Trust will provide trade matching, derivative processing and lifecycle management, active collateral management, and book of records services.
Nicola Dymond, COO of investments at RPMI Railpen, commented: “We are pleased to select Northern Trust whose experience and expertise in delivering investment operations outsourcing solutions for both start-up and established in-house managed asset owners and asset managers were key factors in their appointment.”
