ExxonMobil selects NTGI for $2.5 Billion.(Hirings)(Brief Article)

Pensions & Investments, April, 2004

IRVING, Texas - ExxonMobil Corp. hired Northern Trust Global Investments to manage $2.5 billion in defined contribution assets, according to a news release from Northern Trust. An ExxonMobil spokeswoman said the money would be invested in five index funds: S&P 500; MSCI EAFE; Lehman Aggregate; Wilshire 4500; and a fund that blends the four indexes.

She declined to detail the exact amount in each fund but said the largest is the S&P 500 fund. Funding will come from Barclays Global Investors, previously ExxonMobil's only defined contribution plan manager. The company has $14 billion in its defined contribution plans.