Catholic Health East, Newtown Square, Pa., hired Northern Trust as global custodian for its pension and other funds, replacing Deutsche Bank, said Paul Klinck, vice president-treasury services. "We’ve been with Deutsche five years,” he said. "It’s our habit to test the market periodically, not because we had any problems with Deutsche.”
Catholic Health East funds include $400 million in pension assets and $800 million in other investment funds.
