Abu Dhabi Pension Fund appoints Northern Trust as custodian

Asset servicer Northern Trust has been awarded a custody mandate by the Abu Dhabi Pension Fund (ADPF).

The mandate covers a range of services aside from custody, including alternative asset administration and several front-office services such as liquidity management, compliance monitoring, performance and risk analytics.

ADPF will also use Northern Trust’s data aggregation and customer relationship management services.

The pension fund manages several sovereign-sponsored assets and the end-of-service benefits of Abu Dhabi nationals affiliated with the government and private sectors.

“[Northern Trust’s] ability to adapt to the evolving financial landscape, as evidenced by their investment in technology and development of solutions that are targeted to funds such as ourselves, is important to us as we grow, and our asset allocation needs evolve,” said Ali Alqemzi, chief operating officer for investment at ADPF.

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