Citi Appointed by Blackrock to Provide Trustee, Global Custody and Fund Administration Services for Newly Launched Fund
Hong Kong – Citi has been awarded a new mandate from BlackRock to serve as Trustee for BlackRock Premier Funds, a brand new Hong Kong-domiciled Unit Trust Fund. In addition, Citi will support the launch of the inaugural fund with its full suite of global custody and administration services.
Launched on August 1, 2013, BlackRock Premier Funds further illustrates the increasing interest in growing Hong Kong as a fund domicile amongst some of the world's biggest asset managers. With its unrivalled proprietary network and breadth of product capabilities, Citi provides BlackRock with a full spectrum of services and valuable insights to improve operational efficiency.
"Citi is pleased to be a strategic partner to BlackRock and we look forward to supporting them in their expanding business," said David Russell, Region Head, Asia Pacific, Securities and Fund Services. "BlackRock can expect no less than best-of-breed capabilities from Citi, delivering tailored, innovative and integrated solutions. We are committed to offering BlackRock direct access to our intelligence and resources, and ensure that they can reap the tangible benefits of working with a truly global and capable partner."
Citi OpenInvestorSM is the investment services solution for today's diversified investor, combining 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 an on-the-ground presence in over 95 countries, Citi offers award winning service and unmatched scale. Citi provides complete investment services for institutional, alternative, and wealth managers delivering middle office, fund services, custody, investing and financing solutions focused on clients' specific challenges, customized to their individual needs.
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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