Citco opens Abu Dhabi headquarters in ADGM after 400% increase in MENA assets
New offices set up by fund services provider after enormous growth sees its assets in MENA hit $125 billion.
New offices set up by fund services provider after enormous growth sees its assets in MENA hit $125 billion.
Frontera will utilise Apex’s single-source solution with a unified point of contact across all aspects and operational demands of the fund.
Apex Group will provide investor reporting, accounting, corporate and compliance services for the LCP II fund.
Fund administrator continues to expand its business in the Middle East after recent acquisitions and mandate wins.
NCB Capital’s institutional and large asset owners based in Saudi Arabia will have access to BNY Mellon’s global custody, asset servicing, data and technology capabilities.
The custodian has doubled its workforce in the Middle East over the past three years and adds more senior personnel to its ranks in the region.
Acquisition adds to Apex’s Middle East offering which has been significantly strengthened in recent years.
The new appointments will aim to bolster Northern Trust's operations in Saudi Arabia and the wider Middle East and Africa region.
As State Street celebrates its 50th anniversary in Europe, Middle East and Africa (EMEA), the development of locally-based solutions could be its greatest asset.
The new office will provide on-the-ground services to both institutional investors and asset managers, as it looks to strengthen its current service offering in the Middle East.