Natixis Global Associates Selects Citigroup to Provide Operational Services for Managed Portfolio Advisors
BOSTON - April 7, 2010 (BUSINESS WIRE) – Natixis Global Associates (NGA) today announced that Managed Portfolio Advisors (MPA) has reached an agreement with Citi's Global Transaction Services to provide operational services in support of MPA's unified managed accounts (UMA), multi-strategy portfolios (MSP) and separately managed accounts (SMA) business.
"The combination of MPA's expertise in overlay management and Citi's advanced technology and leading market position in Business Process Outsourcing (BPO) for managed accounts greatly enhances services for our overlay management clients," said Curt Overway, president, MPA. "Citi's platform provides Natixis Global Associates with additional scale, flexibility and a platform to support future innovation including automated execution and settlement, corporate action processing and compliance monitoring."
"We are pleased to support Natixis Global Associates and Managed Portfolio Advisors and further extend Citi's leading position in investment administration services," said Neeraj Sahai, global head, Securities and Fund Services, Citi. "Together, Managed Portfolio Advisors and Citi are a formidable solution delivering a first-class advisory model coupled with unparalleled efficiencies and enhancing the power of our total solution for investors and advisors."
About Citi's Global Transaction Services
Global Transaction Services, a division of Citi's Institutional Clients Group, offers integrated cash management, trade, and securities and fund services to multinational corporations, financial institutions and public sector organizations around the world. With a network that spans more than 100 countries, Citi's Global Transaction Services supports over 65,000 clients. As of the fourth quarter of 2009, it held on average $335 billion in liability balances and $12.1 trillion in assets under custody.
Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 140 countries. Through its two operating units, Citicorp and Citi Holdings, Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Additional information may be found at www.citigroup.com or www.citi.com.
About Natixis Global Associates
Natixis Global Associates (NGA) provides market-driven investment solutions to institutions, intermediaries and individuals worldwide. It is part of Natixis Global Asset Management. Headquartered in Paris and Boston, Natixis Global Asset Management's assets under management totaled $728 billion (EUR505 billion) as of December 31, 2009. In the U.S., Natixis Global Associates includes Natixis Distributors, L.P. (member FINRA) and Natixis Asset Management Advisors, L.P. (a registered investment advisor). Both are located at 399 Boylston Street, Boston, MA 02116. www.ga.natixis.com
Managed Portfolio Advisors (MPA) is a division of Natixis Asset Management Advisors, L.P. With $8.9 billion in assets under management as of December 31, 2009, MPA ranks among the industry's largest overlay management firms and provides a comprehensive service that encompasses product development, portfolio construction, investment management and client service. MPA's assets under management include those assets sub-advised by both affiliated and unaffiliated managers of Natixis Asset Management Advisors, L.P.
SOURCE: Natixis Global Associates