Northern Trust has been appointed by Abu Dhabi Pension Fund (ADPF) to provide services including global custody, alternative asset administration through its Front Office Solutions business, liquidity management, performance and risk analytics, and compliance monitoring. ADPF is a growing pool of sovereign sponsored pension assets in the Middle East.
Ali Alqemzi, COO for investment at ADPF, said: “Northern Trust stood out due to their focus on asset owners, particularly those with sophisticated allocations across public and private assets.”