WellSpan Health, York, Pa., hired Northern Trust as global custodian.
Northern Trust will be custodian for $1.6 billion in assets, of which $800 million is from WellSpan’s defined benefit plan, said Richard Harley, vice president, corporate treasury services, at WellSpan.
The previous custodian did not rebid, he said. Mr. Harley would not identify that firm or say why the search was conducted.
Consultant NEPC assisted.
