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.”