Citigroup rolls out Retail Transfer Agency business in Asia Pacific
Hong Kong – March 14,
2006 — Citigroup recently added retail transfer
agency to its array of product offerings for asset managers in Asia
Pacific. With the launch of this product, Citigroup’s Fund
Services now has the capability and track record to support clients
in the region, both at the retail investor level and at distributor
This service offers fund managers access to Citigroup’s full range of products and services to support their needs. The service also provides support for offshore funds distributed in the region such as those from Luxembourg, Dublin and the Cayman Islands.
“Transfer agency services are a critical component to our asset servicing capabilities enhancing our ability to provide comprehensive services to clients across the Asia Pacific region. We also support our global customers’ offshore products that are marketed in Asia Pacific. This launch is a reflection of Citigroup’s commitment to providing the most comprehensive suite of asset servicing products that offer the most innovative solutions to our clients,” said Matthew Brown, Managing Director and Asia Pacific Region Head of Citigroup Fund Services.
The transfer agency business is an integral part of the Fund Services product suite and to the Global Transaction Services business unit in general. Transfer agency services provide crucial back office services to fund managers; by outsourcing back office management, clients can focus on growing and developing their business without having to worry about back office management. Providing a retail transfer agency service requires constant interfacing between fund managers, distributors, operation centres, system support, call centres and other related teams.
Citigroup (NYSE: C), the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage, and asset management. Major brand names under Citigroup’s trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney, and Banamex. Additional information may be found at
About Citigroup Corporate and Investment Banking
Our Corporate and Investment Banking group achieves the extraordinary for our clients around the world. No financial institution is more committed to understanding and advancing the goals of its clients – our diverse and talented staff in some 100 countries advises companies, governments, and institutional investors on the best way to realize their strategic objectives. We create solutions for and provide the broadest possible capital and market access to thousands of issuer and investor clients, and no institution better executes the increasingly complex payment and cash management solutions required in today's global economy. Core business lines under Citigroup Corporate and Investment Banking include Global Capital Markets, Global Banking and Global Transaction Services.