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Northern Trust extends servicing mandate with BT Pension Scheme
12 August 2026 UK
Image: Northern Trust
Northern Trust is reappointed to provide its asset servicing solutions to the BT Pension Scheme (BTPS) and Brightwell, BTPS’s sole fiduciary manager.
Global custody, investment operations outsourcing, and derivatives outsourcing are included in the extended mandates, which Northern Trust says supports the needs of both organisations through an integrated service model.
Laurence Everitt, head of global fund services, UK, at Northern Trust Asset Servicing, says: “This extension builds on our long-standing relationships with both organisations, spanning more than 18 years with the BT Pension Scheme and 8 years with Brightwell.
“It reflects our ability to support both asset owners and asset managers through a broad and integrated set of capabilities, underpinned by deep expertise in the pension landscape and a strong focus on client service.”
Wyn Francis, chief investment officer of Brightwell, adds: “[Northern Trust’s] global custody network, investment operations, outsourcing expertise, and continued investment in technology provides the scale, resilience, and innovation required to support the distinct yet connected needs of both BT Pension Scheme and Brightwell as its fiduciary manager.”
Global custody, investment operations outsourcing, and derivatives outsourcing are included in the extended mandates, which Northern Trust says supports the needs of both organisations through an integrated service model.
Laurence Everitt, head of global fund services, UK, at Northern Trust Asset Servicing, says: “This extension builds on our long-standing relationships with both organisations, spanning more than 18 years with the BT Pension Scheme and 8 years with Brightwell.
“It reflects our ability to support both asset owners and asset managers through a broad and integrated set of capabilities, underpinned by deep expertise in the pension landscape and a strong focus on client service.”
Wyn Francis, chief investment officer of Brightwell, adds: “[Northern Trust’s] global custody network, investment operations, outsourcing expertise, and continued investment in technology provides the scale, resilience, and innovation required to support the distinct yet connected needs of both BT Pension Scheme and Brightwell as its fiduciary manager.”
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