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Citi Awarded Mandate from Mackenzie to Provide Fund Administration and Middle Office Services

Hong Kong, Singapore –Citi has been appointed by Mackenzie Investments Pte. Ltd. (“Mackenzie Singapore”), subsidiary of a leading Canadian asset manager, to provide a complete suite of fund administration, middle office, collateral management and transfer agent services in support of its portfolio advisory and fund management activities in Asia. This mandate marks the beginning of a long term collaboration between Mackenzie Singapore and Citi in Asia.

“As this is our first foray into direct portfolio advisory activities in Asia, outsourcing our middle office to Citi is a clear choice as Citi has a robust fund services platform in place, which can fully support our credit and macro investment strategy. We look forward to leveraging Citi’s full suite of fund services and expertise to expand our investment operations in Asia,” said Venkat Kannan, Chief Administrative Officer, Mackenzie Singapore.

Citi is a leading provider of global investment services that help fund managers ease operational and administrative burdens; its full suite of investment service solutions delivered through Citi OpenInvestorSM help fund managers create more efficient, effective and informed investment operations.

“We are honored to be selected by Mackenzie Singapore to support their portfolio advisory expansion to Asia,” said David Russell, Asia Pacific Head of Securities and Fund Services, Citi. “As global fund managers continue to expand their businesses in Asia, Citi is uniquely positioned with a strong local presence and a comprehensive range of information delivery and reporting technology and investment services solutions that let fund managers focus on building relationships and growing their business.”

Mackenzie Singapore will leverage Citi’s recently launched OpenAi SM platform which is built on an integrated data management model. OpenAi SM connects clients’ trading platforms seamlessly to Citi’s processing systems, third-party providers, prime brokers and market data sources, and gives them direct access to operational workflow throughout the service lifecycle. With OpenAi, fund managers have process and data visibility along with visualization tools to view and customize data online in real time, and access through mobile devices.

Citi OpenInvestorSM 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. With $13.5 trillion in assets under custody and administration, Citi OpenInvestorSM provides institutional, alternative and wealth managers with middle office, fund services, custody, and 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 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.

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About Citi Securities and Fund Services
Citi’s Securities and Fund Services provides customized solutions that support the diverse investment and transaction strategies of investors, issuers and intermediaries worldwide. Offering a suite of investment administration, portfolio and fund services, trust and custody and investment and financing solutions, Citi helps clients meet the challenges of issuing, managing and distributing financial products and services in today’s complex and competitive marketplace. As of March 31, 2013, Securities and Fund Services held $13.5 trillion in assets under custody and administration.