Northern Trust Secures Expanded Mandate with Swedish Pension Provider AMF Tjänstepension AB
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global custodyfinancial
A global custody service is when a bank or financial firm holds and manages an investor’s stocks, bonds and other securities across many countries, acting like a secure international safety-deposit box and local helper. It handles record-keeping, the mechanics of buying and selling in different markets, collecting dividends or interest, and consolidated reporting—services that reduce paperwork, lower operational risk and make it easier for investors to own assets abroad.
investment operationsfinancial
Investment operations are the behind-the-scenes processes that make buying, holding and selling financial assets work reliably — things like executing trades, moving money and ownership, keeping accurate records, handling paperwork and ensuring rules are followed. For investors it matters because strong operations reduce mistakes, delays, costs and legal risk, much like a well-run kitchen prevents service errors and wasted ingredients, supporting smoother performance and trust in the investment vehicle.
securities lendingfinancial
Securities lending is when an owner of stocks or bonds temporarily loans them to another party, usually so the borrower can sell them short or meet settlement needs; the lender receives a fee and typically some form of security in return. Investors should care because lending can generate extra income on holdings and affects market liquidity and short-selling activity, much like renting out a spare room brings income while someone else uses the space.
foreign exchangefinancial
Foreign exchange is the process of swapping one country's money for another’s, like exchanging dollars for euros when traveling. It matters because it determines how much your money is worth in another country, affecting prices, investments, and international trade. This system helps businesses and governments buy and sell across borders smoothly.
outsourced trade executionfinancial
Outsourced trade execution is when a company or investor hires a third party — typically a broker or specialized trading firm — to place and complete buy or sell orders on their behalf. It matters because the provider’s speed, fees, technology and honesty directly affect how cheaply and quickly trades happen, similar to hiring a courier: a better courier can save time and money, while a poor or conflicted one can raise costs or introduce risk.
middle office servicesfinancial
Middle office services are the operational functions that sit between a company's client-facing activities and its record-keeping or regulatory reporting, handling risk monitoring, trade processing, valuation and performance measurement. They matter to investors because they keep the financial engine running accurately and safely—like the quality control team in a factory—reducing errors, ensuring compliance and protecting value, which supports reliable financial results and confidence in management.
trade matching servicestechnical
Trade matching services are systems that compare and confirm the details of a buy and sell order—such as price, quantity, and the securities involved—so both sides agree before money and shares change hands. They matter to investors because accurate, fast matching reduces costly errors, delays and failed settlements, much like a ticket scanner verifying a ticket and seat before you board a concert to prevent mix-ups and keep transactions smooth.
Providing Global Custody and Investment Operations
STOCKHOLM--(BUSINESS WIRE)--
Northern Trust (Nasdaq: NTRS) today announced that it has retained and expanded its mandate with AMF Tjänstepension AB (AMF), a leading Swedish pension provider.
Under the renewed agreement, Northern Trust, which has serviced AMF for more than 20 years, will continue to serve as custodian for AMF’s global pension assets and add investment operations for trade services across AMF’s total portfolio, for both pension and fund company assets.
AMF is one of Sweden’s leading pension companies, managing occupational pensions for millions of individuals. With a strong focus on delivering secure and sustainable retirement outcomes, AMF combines cost efficiency with long-term investment strategies to benefit its members.
Petra Sjögerås, head of Nordic Region, Northern Trust said: “As a long-standing partner to institutions in the Nordic region, Northern Trust brings extensive experience and a solutions-oriented mindset to proactively support our clients to achieve their goals now and in the future. This appointment reflects our commitment to innovation, transparency and excellence in asset servicing, and we look forward to deepening our relationship with AMF and continuing to support their evolving needs.”
Christoffer Axelsson, Chief Operating Officer, AMF said: “Northern Trust’s proven expertise, robust infrastructure, and commitment to partnership were key factors in AMF’s decision. Its technology-enabled operating model is a clear differentiator. Northern Trust’s scalable global platform integrates advanced automation, data analytics, and digital tools to deliver real-time insights to help support our strategic goals. By adopting Northern Trust’s trade matching services across our entire portfolio, we are enhancing efficiency and oversight while preparing for shorter settlement cycles and evolving market structures.”
Northern Trust has operated in the Nordic region since 1991, opening its Stockholm office in 2009 and expanding to Oslo in 2021. Today, it provides clients with access to a full suite of services and technologies across the investment lifecycle—from global custody, depositary and securities lending to foreign exchange, outsourced trade execution, middle office services, and asset management solutions via Northern Trust Asset Management.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking services to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 24 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of September 30, 2025, Northern Trust had assets under custody/administration of US$18.2 trillion, and assets under management of US$1.8 trillion. For more than 135 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit us on northerntrust.com. Follow us on Instagram @northerntrustcompany or Northern Trust on LinkedIn.
Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/terms-and-conditions.
