Northern Trust Appointed Global Custodian by Abu Dhabi Pension Fund
03 Ottobre 2023 - 12:39PM
Business Wire
Multi-asset class solution to provide
integrated public and private asset support.
Northern Trust (Nasdaq: NTRS) announced today that it has been
appointed by Abu Dhabi Pension Fund (ADPF) (effective 1 January
2024) to provide a suite of services, including global custody,
alternative asset administration through Front Office Solutions,
liquidity solutions, performance and risk analytics, and compliance
monitoring.
Abu Dhabi Pension Fund (ADPF) is a growing pool of sovereign
sponsored pension assets in the Middle East. Tasked with managing
contributions, pensions and end-of-service benefits for United Arab
Emirates (UAE) nationals affiliated with the government and private
sectors in Abu Dhabi, the ADPF also extends its services to the
retirees and their beneficiaries. Its commitment lies in offering
value-added services to clients and ensuring the efficiency of its
investment strategy.
Northern Trust was selected by ADPF because of its asset
servicing expertise specifically designed for complex asset owners,
its commitment to the region and solutioning that aggregates
accounting, reporting and analytics across both public and private
assets. Abu Dhabi Pension Fund will engage Northern Trust’s data
aggregation and customer relations management (CRM) capabilities,
available through its Front Office Solutions offering, to aid them
in investment allocation, liquidity management and portfolio
optimization.
James Wright, head of Asset Owners, EMEA at Northern Trust,
commented, “We are delighted that Abu Dhabi Pension Fund has
appointed us as their global custodian. As a leading provider in
the region with more than 35 years of experience in servicing
clients in the Middle East, we are excited to continue to grow in
the market and are committed to delivering client-centred solutions
to large, complex asset owners.”
Ali Alqemzi, Chief Operating Officer for Investment at Abu Dhabi
Pension Fund, remarked, “Northern Trust stood out due to their
focus on asset owners, particularly those with sophisticated
allocations across public and private assets. Their ability to
adapt to the evolving financial landscape, as evidenced by their
investment in technology and development of solutions that are
targeted to funds such as ourselves, is important to us as we grow,
and our asset allocation needs evolve.”
With more than 1,800 global asset owner clients across sovereign
wealth funds, corporations, not-for-profits, public funds,
insurance companies, and central banks, Northern Trust has an
unwavering commitment to support the increasingly sophisticated
needs of complex asset owners and allocators.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider
of wealth management, asset servicing, asset management and banking
to corporations, institutions, affluent families and individuals.
Founded in Chicago in 1889, Northern Trust has a global presence
with offices in 25 U.S. states and Washington, D.C., and across 22
locations in Canada, Europe, the Middle East and the Asia-Pacific
region. As of June 30, 2023, Northern Trust had assets under
custody/administration of US$14.5 trillion, and assets under
management of US$1.4 trillion. For more than 130 years, Northern
Trust has earned distinction as an industry leader for exceptional
service, financial expertise, integrity and innovation. Visit us on
northerntrust.com. Follow us on X (previously Twitter)
@NorthernTrust or Northern Trust Corporation on LinkedIn.
Northern Trust Corporation, Head Office: 50 South La Salle
Street, Chicago, Illinois 60603 U.S.A., incorporated with limited
liability in the U.S. Global legal and regulatory information can
be found at https://www.northerntrust.com/terms-and-conditions.
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version on businesswire.com: https://www.businesswire.com/news/home/20231003580341/en/
Europe, Middle East, Africa & Asia-Pacific: Camilla Greene
+44 20 7982 2176 Camilla_Greene@ntrs.com
US & Canada: John O’Connell +1 312 444 2388
John_O’Connell@ntrs.com
http://www.northerntrust.com
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