Providing Global Custody and Investment Operations
Northern Trust (Nasdaq: NTRS) today announced that it has retained and expanded its mandate with AMF Tjänstepension AB (AMF), a leading Swedish pension provider.
Under the renewed agreement, Northern Trust, which has serviced AMF for more than 20 years, will continue to serve as custodian for AMF’s global pension assets and add investment operations for trade services across AMF’s total portfolio, for both pension and fund company assets.
AMF is one of Sweden’s leading pension companies, managing occupational pensions for millions of individuals. With a strong focus on delivering secure and sustainable retirement outcomes, AMF combines cost efficiency with long-term investment strategies to benefit its members.
Petra Sjögerås, head of Nordic Region, Northern Trust said: “As a long-standing partner to institutions in the Nordic region, Northern Trust brings extensive experience and a solutions-oriented mindset to proactively support our clients to achieve their goals now and in the future. This appointment reflects our commitment to innovation, transparency and excellence in asset servicing, and we look forward to deepening our relationship with AMF and continuing to support their evolving needs.”
Christoffer Axelsson, Chief Operating Officer, AMF said: “Northern Trust’s proven expertise, robust infrastructure, and commitment to partnership were key factors in AMF’s decision. Its technology-enabled operating model is a clear differentiator. Northern Trust’s scalable global platform integrates advanced automation, data analytics, and digital tools to deliver real-time insights to help support our strategic goals. By adopting Northern Trust’s trade matching services across our entire portfolio, we are enhancing efficiency and oversight while preparing for shorter settlement cycles and evolving market structures.”
Northern Trust has operated in the Nordic region since 1991, opening its Stockholm office in 2009 and expanding to Oslo in 2021. Today, it provides clients with access to a full suite of services and technologies across the investment lifecycle—from global custody, depositary and securities lending to foreign exchange, outsourced trade execution, middle office services, and asset management solutions via Northern Trust Asset Management.
