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Guildford looks to Northern Trust for treasury management

Guildford Borough Council has appointed Northern Trust to provide its treasury management services.

The firm will provide trading solutions, global custody, cash management, post-trade analytics and investment reporting.

Cllr Joss Bigmore, lead for finance, asset management and customer service, said: “We are delighted to have Northern Trust on board to work with us.

“They will provide additional services to the council to help us to continue to diversify our investment portfolio and manage our treasury management activities.”

Until recently, the FRC had little involvement in local government affairs. But with investigations into council officers becoming more frequent, where is the political accountability?

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