Water Mirro Image Pension Scheme, Sheffield, England, hired Northern Trust as global custodian, said Dennis Thony, secretary to the trustee for the L170 million ($288 million) fund. Northern Trust succeeds Bank of Scotland, which pulled out of the custody business earlier this year.
Michael Barnes declined his appointment by Maryland Gov. Parris Glendening to be interim state comptroller.
Deputy Comptroller Robert Swann will take over in the interim and will sit on the State Retirement and Pension System of Maryland's board. Mr. Swann will not necessarily become chairman of the board of trustees, as was former comptroller Louis Goldstein. Mr. Goldstein died July 3