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

Executive Interviews

INTERVIEW: ‘Financing is the blood of Iran’s economy’

Jan 04, 2019

Amid a fresh wave of American sanctions, Romil Patel spoke to Meysam Hamedi, director of financial markets and instruments at Iran’s Securities & Exchange Organization (SEO).

INTERVIEW: Totally mega

Jun 13, 2018

In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...


ROUNDTABLE: Hooked to the global caravan

Jan 04, 2019

With the MENA region at a tipping point, our panellists talk about economic diversification, the impact of regulation and the delayed Saudi Aramco listing. Chaired by Romil Patel in Dubai.

MENA ROUNDTABLE: ‘The story is about reforms’

Jun 13, 2018

Our cross-industry panel discuss the positive backdrop in Egypt, the Dana Gas controversy and the potential index upgrades of Saudi Arabia and Kuwait. Chaired by George Mitton in Dubai.