10:44 AM EDT, 08/26/2025 (MT Newswires) -- Northern Trust ( NTRS ) said Tuesday it was selected by the State of New Mexico Educational Retirement Board to offer asset servicing to the $18.5 billion public fund.

Northern Trust ( NTRS ) will manage custody, accounting, post-trade compliance, and performance measurement, as well as offer assistance for alternative and derivative investments, it said.

The retirement board offers retirement benefits to active and retired employees of New Mexico public schools, as well as higher learning institutions and employees at state agencies engaged in educational programs, the company said.

Financial details of the deal were not disclosed.

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