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Northern Trust named global custodian for Wake Forest University

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Northern Trust has been selected as global custodian for Wake Forest University, a private university in Winston-Salem, North Carolina providing undergraduate and graduate studies.

 
Northern Trust will service approximately USD1.1bn in endowment assets.
 
“Wake Forest University can rely on Northern Trust for our strong commitment to client service and innovation in custody and reporting solutions that provide increased transparency into complex investment portfolios,” says David W Fox Jr, head of corporate and institutional services in the Americas for Northern Trust. “We look forward to a long-term relationship that supports the investment strategies and the specific accounting and risk management needs of this significant client.”
 
“We are excited to work with Northern Trust,” says Vicki West, director of operations for the office of investments. “Their commitment to providing global expertise, a culture based on specialised service, and flexibility to meet both our current and future needs aligns well with our goals of ‘protect, perform, provide’ – protecting the endowment, performing over inflation, and providing for our students.”
 
Wake Forest University combines the best traditions of a small liberal arts college with the resources of a large research university. Wake Forest University is comprised of two undergraduate programmes, a graduate school of arts and sciences and four professional schools. The global custody service includes assets of Wake Forest University Health Sciences, which is affiliated with the university.

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