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.