CHICAGO, Jan. 20 /PRNewswire-FirstCall/ -- Northern Trust announced today that it has been selected as global custodian to the North Shore-LIJ Health System, the nation's third largest not-for-profit secular health care system. Northern Trust will provide global custodian, benefit payment, plan accounting and investment risk and analytical services to the Health System's $1.0 billion of invested funds.
"North Shore-LIJ can rely on Northern Trust for our strong commitment to client service and our particular skill at plan accounting and other products that provide added value to our global custody clients," said Jon Dunham, head of North American institutional sales for Northern Trust. "We look forward to a long-term relationship that supports the investment strategies and the accounting and benefit payment needs of this non-profit system and its members."
"Northern Trust understands the complex needs of nonprofits, particularly health care organizations that are typically among the largest employers in their local communities," said Robert Pine, Vice President of Treasury Operations for North Shore-LIJ Health System Inc.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of investment management, asset and fund administration, fiduciary and banking solutions for corporations, institutions and affluent individuals worldwide. Northern Trust, a financial holding company based in Chicago, has a growing network of 85 offices in 18 U.S. states and has international offices in 15 locations in North America, Europe, The Middle East and the Asia-Pacific region. As of September 30, 2008 Northern Trust has assets under custody of US$3.5 trillion, and assets under investment management of US$652.4 billion. Northern Trust, founded in 1889, has earned distinction as an industry leader in combining exceptional service and expertise with innovative products and technology. For more information, visit http://www.northerntrust.com .
About North Shore Long Island Jewish Health System
The nation's third largest, non-profit, secular healthcare system, the
North Shore-LIJ Health System cares for people of all ages throughout Long
Island, Queens and Staten Island -- a service area encompassing more that five
million people. The Health System consists of 15 hospitals, 17 long-term care
facilities, The Feinstein Institute for Medical Research, five trauma centers,
five home health agencies, a hospice network and dozens of outpatient centers.
In addition, North Shore-LIJ is partnering with
|SOURCE Northern Trust|
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