Key Takeaways
- • The General Pension and Social Security Authority (GPSSA), the UAE federal authority managing pensions and social security for Emirati federal government and private sector employees, has renewed its mandate with Northern Trust (Nasdaq: NTRS).
- • The renewal extends a relationship that began in 2012, according to the Business Wire press release.
- • Approximately 50% of Northern Trust's global assets under custody support pension fund assets, per the release, positioning the firm as one of the most established pension servicers globally.
- • Northern Trust reports as of June 30, 2026, assets under custody/administration of US$20.0 trillion and assets under management of US$2.0 trillion.
- • Kashif Khalid, head of Middle East and Africa at Northern Trust, framed the renewal as evidence of the firm's commitment to the retirement sector.
Summary
The General Pension and Social Security Authority (GPSSA) has renewed its mandate with Northern Trust (Nasdaq: NTRS), according to a Business Wire press release dated August 5, 2026. The GPSSA is the United Arab Emirates federal authority responsible for managing pensions and social security for Emirati employees across the federal government and private sector, and is focused on long-term financial protection and retirement benefits for its members. The relationship began in 2012, and the renewal extends it.
Kashif Khalid, head of Middle East and Africa at Northern Trust, said the firm is delighted to continue the relationship and described its focus on developing strategic collaborations with pension and retirement clients. He said the firm aims to anticipate evolving needs and deliver tailored, scalable solutions focused on client outcomes, with the Emirati population as the ultimate stakeholders.
The press release states that approximately 50% of Northern Trust's global assets under custody support pension fund assets, which the firm characterizes as making it one of the most established pension servicers globally. The release does not disclose the value of the renewed mandate.
Northern Trust says it has served Middle East clients for almost 40 years, with a client base including many of the largest sovereign wealth funds, pension schemes, central banks, intergovernmental and governmental organizations, asset managers and family offices in the region. As of June 30, 2026, the company reported assets under custody/administration of US$20.0 trillion and assets under management of US$2.0 trillion. Founded in Chicago in 1889, Northern Trust provides wealth management, asset servicing, asset management and banking services.
Kashif Khalid, head of Middle East and Africa at Northern Trust, said the firm is delighted to continue the relationship and described its focus on developing strategic collaborations with pension and retirement clients. He said the firm aims to anticipate evolving needs and deliver tailored, scalable solutions focused on client outcomes, with the Emirati population as the ultimate stakeholders.
The press release states that approximately 50% of Northern Trust's global assets under custody support pension fund assets, which the firm characterizes as making it one of the most established pension servicers globally. The release does not disclose the value of the renewed mandate.
Northern Trust says it has served Middle East clients for almost 40 years, with a client base including many of the largest sovereign wealth funds, pension schemes, central banks, intergovernmental and governmental organizations, asset managers and family offices in the region. As of June 30, 2026, the company reported assets under custody/administration of US$20.0 trillion and assets under management of US$2.0 trillion. Founded in Chicago in 1889, Northern Trust provides wealth management, asset servicing, asset management and banking services.
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