Northern Trust Global Investments said it has been appointed to advise $300 million of U.S. equity mandates for the fund management arm of France's largest mutual insurer.

Northern Trust Global Investments will advise large-cap and mid-cap assets for Groupama Asset Management of Paris, the Chicago banking company said Friday.

Northern Trust Global Investments already has partnerships with major European financial companies in Germany and Italy. It had $302.5 billion of assets under management at Dec. 31.

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