Northern Trust Selected by Sancta Capital to Provide Institutional Brokerage and Global Custody Services

Northern Trust (Nasdaq: NTRS) has been selected by Dubai-based asset manager Sancta Capital Advisors (Sancta Capital) to provide brokerage and global custody services. Sancta Capital is part of Sancta Capital Group, an alternative investment manager founded in 2013 with a focus on distressed and deep-value investing across the Middle East and Africa.

Northern Trust’s remit is to help drive efficiencies across Sancta Capital’s business – enabling its team to focus more directly on core investment management functions and alpha generation. This includes supporting Sancta Capital’s trading programme through Northern Trust’s agency-only brokerage capability, which combines far-reaching trading expertise in equities and fixed income with access to broad liquidity – providing access to more than 80 global markets and a suite of services supporting best execution and client reporting.

In addition, Northern Trust will provide global custody services for Sancta Capital’s local and global mandates – delivering process efficiencies for the safekeeping, reporting and administration of its assets.

Guy Gibson, global head of institutional brokerage at Northern Trust Capital Markets said: “Northern Trust’s institutional brokerage services provide asset managers and asset owners with access to intelligent solutions and high quality liquidity. In turn this enables increased transparency and governance across their trading programme – as well as helping to optimize operational efficiency. Our expertise in these areas compliments both Sancta Capital’s investment specialisms and regional focus.”

Ahmad Alanani, co-founder and chief executive officer of Sancta Capital said: “We are excited to work with Northern Trust, whose brokerage execution and custody offering will provide us with the operational efficiency, market expertise and the innovative solutions required to achieve our long-term investment goals.”

Northern Trust began servicing clients in the Middle East in 1987. Today, from its offices in Abu Dhabi and Riyadh, it provides a comprehensive range of solutions to a portfolio of clients that include many of the largest sovereign wealth funds, central banks, inter-governmental/governmental organizations, asset managers and family offices in the region.

Michael Slater, head of Middle East and Africa at Northern Trust comments: “Northern Trust is committed to supporting asset managers across the Middle East and North Africa. Through market cycles our local presence and global capabilities provide clients like Sancta Capital with access to scale and sophisticated asset servicing solutions – assisting their growth, while helping them adapt to change and position their investment operations for the future.”

Northern Trust Capital Markets provides trading and execution services on behalf of institutional clients, including foreign exchange, institutional brokerage, securities lending and transition management services.

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 22 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2020, Northern Trust had assets under custody/administration of US $10.9 trillion, and assets under management of US $1.1 trillion. For more than 130 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit northerntrust.com or follow us on Twitter @NorthernTrust.

Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/terms-and-conditions.

About Northern Trust Securities LLP

Institutional Brokerage is provided by Northern Trust Securities LLP in EMEA and APAC: it is registered in England & Wales under number OC324323; registered office: 50 Bank Street, Canary Wharf, London E14 5NT; authorised and regulated by the Financial Conduct Authority; member of the London Stock Exchange.

About Sancta Capital Group

Sancta Capital is an award-winning alternative investment firm with offices in Dubai and Houston. The firm is focused on special situations and deep value investing in the Middle East and Africa, investing across the corporate capital structure in securities that are neglected or misunderstood by the broader investment community. This includes publicly-listed debt and equities, as well as distressed and non-performing private loans and claims.

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