Northern Trust selected as global custodian by IFFEd
14 October 2025 Switzerland, US
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Northern Trust has been chosen by the International Finance Facility for Education (IFFEd) to deliver global custody services.
IFEd, is a Switzerland-based financing engine for global education, and is designed to increase public-private partnerships.
Karsten Illy, country head, Switzerland, Northern Trust, says: “We are honored to support the IFFEd with our global custody services and look forward to a long relationship together.
“As a long-standing leader in servicing endowments and foundations, we bring a deep understanding of the unique needs of mission-driven investors.
IFFEd CEO, Karthik Krishnan, adds: “In a world of shrinking aid budgets, IFFEd is a way to do more with less.
“Backed by its capital contributions and donor grants, IFFEd’s innovative finance model turns one dollar of donor contributions into seven dollars of affordable finance for lower-middle-income countries to invest in education and skills. The goal is to improve learning and earning outcomes and put people and countries on a path to prosperity.”
Founded in Chicago in 1889, Northern Trust provides wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals.
IFEd, is a Switzerland-based financing engine for global education, and is designed to increase public-private partnerships.
Karsten Illy, country head, Switzerland, Northern Trust, says: “We are honored to support the IFFEd with our global custody services and look forward to a long relationship together.
“As a long-standing leader in servicing endowments and foundations, we bring a deep understanding of the unique needs of mission-driven investors.
IFFEd CEO, Karthik Krishnan, adds: “In a world of shrinking aid budgets, IFFEd is a way to do more with less.
“Backed by its capital contributions and donor grants, IFFEd’s innovative finance model turns one dollar of donor contributions into seven dollars of affordable finance for lower-middle-income countries to invest in education and skills. The goal is to improve learning and earning outcomes and put people and countries on a path to prosperity.”
Founded in Chicago in 1889, Northern Trust provides wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals.
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