Northern Trust Chosen For $1.4 Bln Custody And Depositary Services Mandate

(RTTNews) - The Scottish Investment Trust PLC has appointed Regional bank Northern Trust Corp. (NTRS) to provide global custody and depositary services.

Edinburgh-based Scottish Investment Trust Plc is one of the UK's oldest investment trusts, aiming to provide investors, over the longer term, with above-average returns through a diversified portfolio of international equities and to achieve dividend growth ahead of UK inflation.

"We appointed Northern Trust in response to the demands of the changing regulatory environment," said Steven Hay, company secretary at The Scottish Investment Trust PLC. "Northern Trust's 125 year reputation for service combined with the quality and experience of management within its UK depositary business, were key factors in our decision to work with them."

In addition to custody, trustee and depositary services, Northern Trust offers fund administration, investment operations outsourcing, and ETF solutions to investment managers across the globe and across a full spectrum of asset classes.