Northern Trust has renewed its mandate with UAE’s General Pension and Social Security Authority (GPSSA), extending a relationship that began in 2012.
GPSSA is a state pension fund that manages pensions and social security for Emirati employees in both the federal government and private sectors. Northern Trust has been present in the Middle East for almost 40 years, servicing a wide range of clients including sovereign wealth funds, pension schemes, central banks, governmental organisations, asset managers, and family offices. About 50% of its global assets under custody (AUC) support pension fund assets.
Referring to Northern Trust’s expertise in pension funds, Kashif Khalid, head of Middle East and Africa says, “We are focused on developing strategic collaborations with this important client segment.”
