Olin Corp. , Norwalk, Conn., hired Northern Trust as custodian for its...

Olin Corp., Norwalk, Conn., hired Northern Trust as custodian for its $1.14 billion in pension assets; it will also run $235 million in an S&P 500 index fund, said Larry Kromidas, assistant treasurer. Northern Trust replaces Deutsche Bank as custodian and manager of the strategy. Mr. Kromidas said Olin wanted to make a change.