Colorado keeps Northern Trust as custodian

Colorado Public Employees’ Retirement Association, Denver, rehired Northern Trust on Friday as global custodian for the $40 billion plan, said PERA spokeswoman Katie Kaufmanis. The plan issued an RFP in November and named Northern Trust and BNY Mellon as finalists earlier this month. Northern Trust now provides global custody and securities-lending services, but Dresdner Kleinwort and Wachovia were named finalists, also earlier this month, for third-party securities lending services. The new contracts will begin Oct. 1.