Northern Trust to run non-profit’s pension

By Becky Yerak
Posted Nov. 23, 2010 at 10:37 a.m.

Chicago-based Northern Trust Corp. has been hired to provide custody services for more than $800 million in pension, endowment and operating funds of John Muir Health of Walnut Creek, Calif.

It’ll also provide benefit payment services for the organization’s pension plan.

“With a single, global operations platform and a single point of contact, Northern Trust will help us to maximize efficiencies across our programs, while we focus on our core objectives,” John Muir said.

John Muir Health is a non-profit organization that includes two of the largest medical centers in Contra Costa County.

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