Northern Trust Selected by $15 Billion Sacramento County Employees’ Retirement System for Asset Servicing
Northern Trust Selected by $15 Billion Sacramento County Employees’ Retirement System for Asset Servicing
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Key Terms
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.
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.
A annual comprehensive financial report (ACFR) is a detailed, audited package of a company’s yearly financial statements, explanations of results, cash flow information, and notes that disclose accounting choices and risks. Think of it as a full financial health check that shows where money came from, how it was spent, and what uncertain factors could affect the business. Investors use it to verify performance, spot trends, compare across companies, and judge how safely their capital is being managed.
GASBregulatory
GASB (Governmental Accounting Standards Board) is the independent body that creates the accounting rules U.S. state and local governments must follow when preparing financial reports. Think of it as the rulebook that makes government financial statements consistent and easier to compare, which matters to investors because clearer, standardized reports help assess credit risk, funding obligations (like pensions) and the true financial health of public borrowers such as municipalities and school districts.
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CHICAGO--(BUSINESS WIRE)--
Northern Trust (Nasdaq: NTRS) today announced it has been selected by Sacramento County Employees’ Retirement System (SCERS) to provide a range of asset servicing and outsourced solutions, including global custody, securities lending, and accounting services.
SCERS, a $15 billion multiple‑employer public retirement system established in 1941, serves eligible public employees of Sacramento County by prudently managing assets and delivering retirement, disability, and survivors’ benefits.
As part of the engagement, Northern Trust will deliver integrated financial reporting and accounting services designed to streamline quarterly reporting and year‑end processes, including Annual Comprehensive Financial Report (ACFR) production. SCERS selected Northern Trust based on the firm’s advanced technology capabilities, high‑caliber client service model, defined transition approach with a dedicated transition team, and long‑standing 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.”
For many decades, Northern Trust has been dedicated to serving the needs of global asset owners. The goal within the asset owner segment is to empower the missions of its clients, helping them to maximize investment returns so that they may serve their constituents, their communities, and the world.
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 March 31, 2026, Northern Trust had assets under custody/administration of US$18.6 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.
