ADCB expands mortgage business through acquisition ‎ of portfolio from Abu Dhabi Finance ‎

ADCB expands mortgage business through acquisition ‎ of portfolio from Abu Dhabi Finance ‎

Abu Dhabi, 28 February 2021: Abu Dhabi Commercial Bank PJSC (“ADCB” or “the Bank”) has signed an agreement to acquire a portfolio of approximately 1,000 mortgages from Abu Dhabi Finance PJSC (“ADF”). The transaction provides further growth for ADCB’s retail and SME businesses in line with the Bank’s UAE-centric strategy and prudent risk management framework. ADF was established in 2008 as an Abu Dhabi-focused conventional mortgage specialist and has played a key role in the development and transformation of the real estate finance sector. The assets, with a gross book…

Northern Trust Adds Relationship Management and Client Service Leaders to Middle East and Africa Executive Team

Northern Trust Adds Relationship Management and Client Service Leaders to Middle East and Africa Executive Team

ABU DHABI, United Arab Emirates -(BUSINESS WIRE/AETOSWire) -Northern Trust (Nasdaq: NTRS) today announces it has made two senior appointments to its Middle East and Africa asset servicing business. The new positions, based in Abu Dhabi, United Arab Emirates, support Northern Trust’s continued business growth across the region, and follow the expansion of its senior management team in Saudi Arabia, announced earlier this month. Justin Miller has been appointed head of relationship management for the Middle East and Africa and is responsible for the oversight and strategic development of asset servicing relationships…