Abu Dhabi
24 May 2017
Reporter: Stephanie Palmer
Northern Trust expands UAE operations
Northern Trust has opened a new branch office in Abu Dhabi, as part of a continuing focus on business in the UAE.

Located in the city’s international financial centre, the Abu Dhabi Global Market (ABGM), the new branch will offer a range of asset servicing and management solutions to institutional investors and high-net worth individuals throughout the UAE.

It is Northern Trust’s second office in the city, adding to a representative office opened in 2008. The bank also has an office in Riyadh, Saudi Arabia, and has been providing services for client in the Middle East for 30 years.

Robert Frazer, head of Northern Trust in the Middle East, added: “Northern Trust has a long history of servicing clients across the region, and we look forward to our continued collaboration with ADGM at the Abu Dhabi’s financial free zone.”

He added: “We see significant opportunity to bring our institutional level offering to asset managers, sovereign wealth funds and wealthy families across the region.”

Richard Teng, CEO of the Financial Services Regulatory Authority of ADGM said: “Internationally recognised as one of the key industry leaders in the global markets, Northern Trust’s affirmation and presence add to the breadth of the asset management and asset servicing community in Abu Dhabi.”

More Industry news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Euroclear sees strong H1 asset growth
21 July 2017 | Frankfurt | Reporter: Jenna Lomax
Post-trade service provider Euroclear saw its asset under safekeeping increase by 5 percent to €28.4 trillion in the first half of 2017
Northern Trust commits to EU hub
19 July 2017 | Luxembourg | Reporter: Stephanie Palmer
Northern Trust is set to establish a banking presence in Luxembourg, and has appointed a new head of continental Europe, in a move that it says is “further establishing its commitment to the region”
NSE goes live with Nasdaq surveillance solution
17 July 2017 | Lagos | Reporter: Stephanie Palmer
Nigerian Stock Exchange has gone live with a new market surveillance platform powered by the Nasdaq SMARTS solution
Multifonds: Asset management industry to innovate from the inside
11 July 2017 | London | Reporter: Stephanie Palmer
Innovation in asset management will come from within the industry, rather than from start-ups or disruptors, according to a survey from Multifonds
AxiomSL sees boost from strategic investment
06 July 2017 | New York | Reporter: Stephanie Palmer
Data management and regulatory reporting technology provider AxiomSL has received its first institutional financing, with a strategic investment from TCV
Harmonisation will mean success for T2S
29 June 2017 | Warsaw | Reporter: Stephanie Palmer
More harmonisation and standardisation is required for the market to fully realise the intended benefits of the Target2-Securities platform
70 percent say cyber crime will lead to financial crisis
28 June 2017 | Warsaw | Reporter: Stephanie Palmer
The next financial crisis is ‘highly likely’ to be caused by cyber crime, and the only way to manage this is for the industry to come together, according to a panel session at The Network Forum in Warsaw
More Industry news