Northern Trust has been chosen by WellSpan Health to be global custodian for $1.6bn of assets. 

The custodian will also deliver foreign exchange services, alternative asset administration, pooled accounting and performance reporting.

“WellSpan Health will benefit from our technology solutions, focused on delivering information in a timely and flexible format. We are gratified to see clients validate our service model based on providing custom, scalable solutions to meet their increasing and evolving needs," said Marc Cosentino, head of Northern Trust institutional client services. 

WellSpan Health is an integrated healthcare network that serves south-central Pennsylvania. It has more than 11,000 employees, a system of four hospitals and more than 90 patient care locations.