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Northern Trust (NASDAQ:NTRS) today announced that it has been selected by the State of New Mexico Educational Retirement Board (NMERB) to provide asset servicing solutions to the $18.5 billion fund including custody, accounting, post-trade compliance, performance measurement and advanced support for alternative and derivative investments as well as their financial reporting requirements.
NMERB provides secure retirement benefits to active and retired employees of New Mexico public schools, institutions of higher learning and certain employees at state agencies who work in educational programs.
Posted In: NTRS
