Northern Trust has been appointed by Handelsbanken as its global custodian, adding $15 billion in new assets under custody for Northern Trust and further extending a six-year relationship between the two banks. Through the new global custody agreement, Northern Trust will act as the global custodian for assets from Handelsbanken’s clients in Norway, Denmark and Finland investing outside of the Nordic region, bringing joint client assets under custody to over $50 billion and representing over 30 clients’ investments. “By selecting Northern Trust as our global custodian, our clients receive all the benefits of a world-class global custodian, operating in a number of different markets with top-quality technology and asset servicing capabilities. The security and sophistication this brings, is unmatched.” says Annika Larsson, head of relationship management and sales at Handelsbanken. In 2003, Northern Trust appointed Handelsbanken as its regional sub-custodian. The following year, Northern Trust became the first non-Swedish bank to provide custody and related services to a Swedish mutual fund through an innovative partnership with Handelsbanken. The agreement also marked the first time a global custodian had partnered with a pan-Nordic bank, for a mutual fund solution.