The Healthcare of Ontario Pension Plan is renewing its relationship with wealth management firm Northern Trust Corp. as its asset servicing provider.

The money manager will oversee global custody, foreign exchange and securities lending services for the pension plan’s $103 billion assets under management.

“This decision is a testament to the successful relationship we have built together over the last 18 years, and we look forward to continuing our collaboration to support HOOPP’s mission,” said Katie Pries, president and chief executive officer of Northern Trust in Canada, in a press release.

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