News

Northern Trust appointed by AD Global for Ucits fund launch

Abu Dhabi-based investment manager AD Global Investors has selected Northern Trust (NT) to provide asset servicing in support of four new Ucits funds domiciled in Ireland. More specifically, NT has been appointed to provide fixed income execution services, foreign exchange, fund administration and custody services and is its first such mandate in the region. AD Global is the first Abu Dhabi General Markets-licenced manager to be authorised by the Central Bank of Ireland and NT’s presence in both markets was a key factor in its selection, according to David Rothon, CEO, AD Global Investors. “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,” said Rothon. “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 & Asia-Pacific at Northern Trust. ©2019 funds global mena

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