Taylor Wimpey Awards Northern Trust £1.3bn Custody Mandate
International housing and development group, Taylor Wimpey, has appointed Northern Trust to provide global custody, investment accounting and performance measurement to approximately £1.3bn in UK pension fund assets.
Taylor Wimpey, which was formed through the merger of George Wimpey and Taylor Woodrow in 2007, has homebuilding operations in the UK, North America, Spain and Gibraltar.
“We appointed Northern Trust following a competitive tender process,” said Julian Waller, group pensions manager at Taylor Wimpey. “We selected them based on a number of factors. Of key interest to us was Northern Trust’s online client reporting solution, Passport, which was easy to use and helps us administer and report on our investments and actively monitor performance.”