Northern Trust has been mandated to provide asset servicing and trading solutions to support AD Global Investors, the Abu Dhabi-based asset manager, and the launch of its four new UCITS funds.
The mandate also represents the first Abu Dhabi-licensed investment manager to be authorised by the Central Bank of Ireland for UCITS funds.
“Northern Trust is well known by the team at AD Global Investors and we are delighted to be working with them again,” said David Rothon, CEO, AD Global Investors.
“The depth and breadth of Northern Trust’s expertise was evident throughout the project which ensured the successful launch of our UCITS funds. 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.”
, Integrated Trading Solutions, to help AD Global Investors integrate its front-to-back processes onto one platform.
It will also act as the sole broker and provide AD Global Investors with foreign exchange, fund administration and custody support.
“As the sole broker Northern Trust will help AD Global Investors manage the growing cost and regulatory pressures facing the industry,” added Guy Gibson, head of institutional brokerage for EMEA and Asia-Pacific, Northern Trust.