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Man Group Appoints Citi to Provide Fund Administration Services

London, Luxembourg - November 12, 2012 – Citi has successfully completed the implementation of Man Umbrella SICAV, the Luxembourg fund business of the Man Group Plc (“Man”). Citi will provide an integrated range of services that includes custody, depositary bank, fund administration and transfer agency services. Man is a world-leading alternative investment management business with over $52.7 billion under management.

Man appointed Citi to provide its global shareholder services in March 2011 and this new mandate builds on the success of the collaboration between the two institutions.

“Citi’s deep understanding of Man’s business as well as its proven track record of service delivery were decisive factors in our decision to select Citi for this mandate,” said Simon White, Global Operations Head of Man Group plc. “We are confident that the end-to end solution provided by Citi will bring the optimal level of efficiency and transparency to our investors.”

With over $1.5 trillion in assets under administration, Citi is a leading global service provider to the global funds industry. Citi’s full suite of investment service solutions delivered through Citi OpenInvestorSM lets managers focus on their core activities of managing assets and serving their clients.

“We are very pleased to be able to expand our services to one of the most respected names in the industry,” said Sanjiv Sawhney, EMEA Head of Securities and Fund Services, Citi. “This mandate is further evidence that Citi is well positioned in Luxembourg to provide a comprehensive solution to Man’s SICAV business and we look forward to helping them grow their Luxembourg SICAV business.”

Citi has had a presence in Luxembourg since 1970 and currently employs 240 people, providing global custody, fund accounting, fund administration, transfer agency, compliance, regulatory support, alternative investment services and a full suite of asset manager investment administration outsourcing solutions.

Citi OpenInvestor is the investment services solution for today’s diversified investor that combines specialized expertise, comprehensive capabilities and the power of Citi’s global network to help clients meet performance objectives across asset classes, strategies and geographies. Citi OpenInvestor provides institutional, alternative and wealth managers with middle-office, fund services, custody, investing and financing solutions that are focused on their specific challenges and customized to their individual needs. For more information, visit openinvestor.transactionservices.citi.com.

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About Man
Man is a world-leading alternative investment management business. It has expertise in a wide range of liquid investment styles including managed futures, equity, credit and convertibles, emerging markets, global macro and multi-manager, combined with powerful product structuring, distribution and client service capabilities. At 30 June 2012, Man managed $52.7 billon. The original business was founded in 1783. Today, Man Group plc is listed on the London Stock Exchange and is a member of the FTSE 250 Index with a market capitalisation of around £1.7 billion. Man is a signatory to the United Nations Principles for Responsible Investment (PRI). Man also supports many awards, charities and initiatives around the world, including sponsorship of the Man Booker literary prizes. Further information can be found at www.man.com.

About Citi
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. 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 | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://new.citi.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi

About Citi Transaction Services
Citi 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 95 countries, Citi’s Transaction Services supports over 65,000 clients. As of the third quarter of 2012, it held on average $415 billion in liability balances and $12.8 trillion in assets under custody.