East Bay Municipal Utility District Employees' Retirement System, Oakland, Calif., rehired Northern Trust Corp. as custodian, said Sophia D. Skoda, the district's director of the finance.
The $2.3 billion pension fund issued an invitation-only request for information to a shortlist of firms earlier this year because it had not put the services up for bid since 1997, Ms. Skoda said in an earlier interview.
U.S. Bank was the other finalist.
Separately, the board at its meeting Thursday voted to move its actively managed international equity assets to existing passive international equity manager Northern Trust Asset Management.
At its May 20 meeting, the board had voted to move all its international equity assets to passive management to eliminate growth bias and significantly reduce management fees.
The move will result in the termination of Fisher Investments from its $187 million active portfolio, increasing Northern Trust Asset Management's portfolio to $619 million.
Investment consultant Meketa Investment Group assisted with the custodian search and international equity changes.