Borough of Hounslow hires Northern Trust

London Borough of Hounslow selected Northern Trust to provide global custody and commission recapture services for £350 million ($680.6 million) in assets, said Alan Steele, director of finance at the borough. Previous provider Bank of New York was replaced because “it was time to modernize the contract and service and not out of dissatisfaction,” Mr. Steele added. Consultant Thomas Murray assisted.