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Illinois adds Deutsche, retains Northern Trust
15 May 2012
The board of the State Universities Retirement System Board of Illinois has voted to hire a new securities lending agent
The board of the State Universities Retirement System Board of Illinois (Surs) has voted to hire Deutsche Bank to act as the system’s securities lending agent.
In addition, the board voted to retain Northern Trust Corporation as provider of custodial services for the organisation.
As directed by the board, Surs has chosen to implement a risk-averse strategy while continuing to maintain a lending programme.