Northern Trust to provide asset servicing to AD Global Investors
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Northern Trust to provide asset servicing to AD Global Investors 28 January 2019Abu Dhabi Reporter: Jenna Lomax
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Northern Trust has been appointed the sole broker and provider of foreign exchange, fund administration and custody support for AD Global Investors.
The bank will assist AD Global Investors with fixed income execution services in Abu-Dhabi, a first for Northern Trust’s Capital Market’s business in the region.
Northern Trust services will assist AD Global Investors to support its four new UCITS funds’, these include AD global emerging market debt local currency and AD global emerging market debt hard currency, which launched in January 2019.
David Rothon, CEO of AD Global Investors, said: “Northern Trust is well known by the team at AD Global Investors and we are delighted to be working with them again. The depth and breadth of Northern Trust’s expertise were evident throughout the project which ensured the successful launch of our UCITS funds.”
He added: “Having relationship management coverage in both Abu Dhabi and Dublin was an important factor for us and we look forward to working with Northern Trust for many years to come.”
Edgar D’Mello, head of relationship and client management across Northern Trust’s Middle East offices, commented, “With long-term experience servicing clients in the Middle East and more than a decade since Northern Trust opened its first office in Abu Dhabi, we continue to see significant opportunities to support our growing client base in the region.”
He added: “Northern Trust’s asset servicing of AD Global Investors UCITS funds is a great example of our deep collaboration between our global teams. We look forward to supporting AD Global Investors continued growth in this sector. ”
Guy Gibson, head of institutional brokerage for Europe, the Middle East and Africa and Asia-Pacific at Northern Trust, said, “As the sole broker Northern Trust will help AD Global Investors manage the growing cost and regulatory pressures facing the industry. Northern Trust offers a range of innovative solutions and capabilities to support clients.”
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