Nestle Ltd., Vevey, Switzerland, appointed Northern Trust as global...

Nestle Ltd., Vevey, Switzerland, appointed Northern Trust as global custodian for its 7 billion Swiss franc ($3.9 billion) employee pension plan. Nestle’s previous global custodian was Pictet & Co. The plan selected Northern Trust because it had a better global presence, said Erwin Myer, head of back-office operations at the plan.