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Northern Trust Frederick H Waddell

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Northern Trust named asset servicing provider for Boeing retirement plan

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Northern Trust has been selected to provide global custody and related services, including financial and regulatory reporting, to the defined contribution retirement plan of The Boeing Company.

Boeing has one of the largest DC/401(k) plans in the United States, with approximately USD54 billion in assets. In addition to global custody, valuation and unitisation of assets, Northern Trust will provide a range of regulatory and performance reporting solutions, compliance monitoring, derivatives processing and third-party custom cash fund servicing.
 
“We are pleased to be selected as a trusted provider that can support all dimensions and directions of Boeing’s investment program,” says Northern Trust Chairman and Chief Executive Officer Frederick H Waddell (pictured). “Large, sophisticated retirement plans continue to choose Northern Trust for our unique combination of global scale and highly flexible accounting and reporting solutions that can adapt quickly to changing plan needs. We believe no other provider can offer the commitment to supporting each individual plan’s vision better than Northern Trust.”
 
Northern Trust provides custody and administrative services to more than USD358 billion in DC assets, as of June 30, 2017. Retirement Solutions takes a consultative approach to addressing the needs of plan sponsors and participants while offering a suite of solutions aimed at improving retirement outcomes. More information can be found here.

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