Northern Trust wins $15 billion SCERS asset servicing contract

Northern Trust (NASDAQ: NTRS) announced it has been selected by Sacramento County Employees' Retirement System (SCERS) to provide asset servicing and outsourced solutions, including global custody, securities lending, and accounting services.

SCERS manages $15 billion in assets as a multiple-employer public retirement system established in 1941. The system serves eligible public employees of Sacramento County by managing assets and delivering retirement, disability, and survivors' benefits.

Under the engagement, Northern Trust will provide integrated financial reporting and accounting services designed to streamline quarterly reporting and year-end processes, including Annual Comprehensive Financial Report production. SCERS selected Northern Trust based on the firm's technology capabilities, client service model, transition approach with a dedicated transition team, and commitment to serving public funds.

"We are delighted that SCERS has chosen Northern Trust as their partner, underscoring the strength of our value proposition in the public fund space," said Jessica Donohue, head of Asset Servicing, Americas, at Northern Trust. "Our technology-enabled solutions and dedicated client service teams will partner closely with SCERS to deliver integrated private and public fund reporting, efficient reconciliation, and customized accounting, including seamless quarterly, year-end, GASB, and ACFR reporting—so SCERS can remain focused on its strategic priorities."

As of March 31, 2026, Northern Trust had assets under custody/administration of $18.6 trillion and assets under management of $1.8 trillion. The Chicago-based company was founded in 1889 and operates across 24 U.S. states and Washington, D.C., with 22 international locations in Canada, Europe, the Middle East and Asia-Pacific region.

The information is based on a press release statement from Northern Trust Corporation.

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