Northern Trust has been appointed by Arab Fund for Economic and Social Development (AFESD) to provide a range of asset servicing solutions covering global custody, financial reporting, securities finance, private equity administration, performance measurement and compliance monitoring.
AFESD, based in Kuwait, is a regional financial institution focused on funding economic and social development by financing public and private investment projects and providing grants and expertise to support education institutions, universities, and professional and social associations. Projects financed by AFESD include infrastructures in electricity, communications and transportation.