Northern Trust Re-Appointed by The General Pension and Social Security Authority

The General Pension and Social Security Authority (GPSSA) has renewed its mandate with Northern Trust (Nasdaq: NTRS), extending a long-standing relationship which began in 2012.

GPSSA is the United Arab Emirates (UAE) federal authority responsible for managing pensions and social security for Emirati employees across the federal government and private sector. As a state pension fund, GPSSA is focused on delivering long‑term financial protection and retirement benefits for its members.

“Northern Trust is delighted to continue our relationship with GPSSA. We have a deep heritage serving asset owners across the globe and our established relationship with GPSSA reflects how we continue to evolve alongside our clients, and underscores our commitment to the retirement sector,” said Kashif Khalid, head of Middle East and Africa at Northern Trust. “We are focused on developing strategic collaborations with this important client segment, reflecting our ability to anticipate evolving needs and deliver tailored, scalable solutions focused on client outcomes while supporting their important stakeholders, in this case the Emirati population.”

Approximately 50% of Northern Trust’s global assets under custody support pension fund assets, making Northern Trust one of the most established pension servicers globally.

Northern Trust has been servicing Middle East clients for almost 40 years, providing a comprehensive range of solutions to a broad base of clients that include many of the largest sovereign wealth funds, pension schemes, central banks, inter-governmental/governmental organizations, asset managers and family offices in the region.

For many decades, Northern Trust has been dedicated to serving the needs of global asset owners. The goal within the asset owner segment is to empower the missions of its clients, helping them to maximize investment returns so that they may serve their constituents, their communities, and the world.