Northern Trust to Provide Discretionary Outsourced Chief Investment Officer “OCIO” Services to Council of Independent Col...
December 05 2018 - 10:00AM
Business Wire
Northern Trust’s Foundation and Institutional Advisors Group has
been selected to provide discretionary OCIO services for the
Council of Independent Colleges (“CIC”) endowment and reserve
assets, Northern Trust announced today.
“We look forward to our relationship with Northern Trust as
CIC’s new discretionary investment advisor, with its proactive
approach to growing and protecting CIC’s investment assets,” noted
Richard Ekman, president of the Council.
For more than 50 years, CIC has helped member colleges and
universities to find ways to increase the quality of education and
strengthen institutional resources. It is the major national
organization that focuses solely on providing services directly to
independent colleges and universities. CIC’s endowment provides
much needed scholarships for students who attend member colleges
and universities. CIC’s reserves provide strategic investment
opportunities in member services and operations.
“Northern Trust is proud to be serving CIC’s investment
management needs,” said Darius A. Gill, National Practice
Executive, Northern Trust Foundation & Institutional Advisors
group. “We look forward to working with the Council of Independent
Colleges in support of its important mission for years to
come.”
About the Council of Independent Colleges
The Council of Independent Colleges (CIC) is an association of
nonprofit independent colleges and universities that has worked
since 1956 to support college and university leadership; advance
institutional excellence; and enhance public understanding of
private higher education’s contributions to society.
CIC is the major national organization that focuses on providing
services to leaders of independent colleges and universities as
well as conferences, seminars, and other programs that help
institutions to improve the quality of education, administrative
and financial performance, and institutional viability. CIC also
provides support to state fundraising associations that organize
programs and generate contributions for private colleges and
universities.
Eligibility for CIC membership is open to all small and
mid-sized private liberal arts colleges and universities in the
U.S., currently 657 are members, as well as those located outside
the U.S., currently 19 are members Two-year independent
institutions and nonprofit organizations that support the purposes
of independent higher education are also eligible to be members of
CIC. To learn more, visit www.cic.edu.
Northern Trust’s Foundation & Institutional Advisors
(FIA) group serves the investment and advisory needs of
foundations, endowments and other nonprofit institutional
investors. FIA can serve as either a dedicated investment advisor
or as a fully outsourced chief investment officer. The practice is
consultative and advice-driven, providing holistic solutions that
combine sophisticated advisory expertise with a spectrum of
value-added services. More information about Northern Trust
Foundation and Institutional Advisors can be found at
www.northerntrust.com/FIA.
Northern Trust Wealth Management specializes in Goals
Driven Wealth Management backed by innovative technology and a
strong fiduciary heritage. Northern Trust Wealth Management is
ranked among the top 10 U.S. wealth managers, with $295.5 billion
in assets under management as of September 30, 2018, and a wide
network of wealth management offices across the United States.
The Northern Trust Company is an Equal Housing Lender. Member
FDIC.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider
of wealth management, asset servicing, asset management and banking
to corporations, institutions, affluent families and individuals.
Founded in Chicago in 1889, Northern Trust has offices in the
United States in 19 states and Washington, D.C., and 23
international locations in Canada, Europe, the Middle East and the
Asia-Pacific region. As of September 30, 2018, Northern Trust had
assets under custody/administration of US$10.8 trillion, and assets
under management of US$1.1 trillion. For more than 125 years,
Northern Trust has earned distinction as an industry leader for
exceptional service, financial expertise, integrity and innovation.
Visit northerntrust.com or follow us on Twitter @NorthernTrust.
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/disclosures.
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Media Contact:Alaina Kleinman(312) 444-4065AK503@ntrs.comhttp://www.northerntrust.com
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