Northern Trust will provide global custody for more than $800m in pension, endowment and operating funds, as well as benefit payment services for the organization’s pension plan.
John Muir Health director of treasury Greg Schwartz said that the Northern Trust’s combination of reporting and technology wrapped in a client service package showcased its commitment to the complex needs of not-for-profit institutions.
"With a single, global operations platform and a single point of contact, Northern Trust will help us to maximize efficiencies across our programs, while we focus on our core objectives as an institution," Schwartz said.
John Muir Health is a not-for-profit organization that includes two large medical centers in Contra Costa County.
