Nothern Trust given UAE green light
by Richard Kilner
Story link: Nothern Trust given UAE green light
The UAE Central Bank has given the green light for Northern Trust to establish a representative office in Abu Dhabi.
The move marks a step forward for the Chicago-based firm and its expansion plans in the Middle East.
Northern Trust operates from more than a dozen international offices across Europe, North America and the Asia-Pacific region, and has 85 offices throughout the United States.
At the end of last year the firm had $757.2bn assets under investment and $4.1t assets under custody.
Biff Bowman, EMEA chairman, has stated that Northern Trust has never been more committed to the Middle East.
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