Citi Wins Mandate from Whiz Partners to Provide Fund Administration and Transfer Agency Services for New Hedge Fund in Asia
Hong Kong - September 3, 2013 – Citi has been appointed by Whiz Partners Inc. (Whiz) to support fund administration and transfer agency services for its newly-launched Whiz Rock Global Macro Investment Fund (Global Macro Investment Fund) in Asia.
"As the launch of the Global Macro Investment Fund marks our first foray into the hedge fund space in Asia, it is essential for us to team up with a trusted and reliable partner to achieve operational efficiency. We are confident that Citi's combination of global reach and local expertise will fully support our growth strategy within the region," said Atsushi Matsumura, Chief Operating Officer of Whiz Partners Inc.
This strategic partnership marks the expansion of Citi's footprint working with Japan-based fund managers led by respected industry veterans. Citi's proprietary global network offers Whiz direct and unique access to the resources, insights and expertise of its local team, and assists them in navigating through the ever-changing industry environment with tailored, innovative and integrated solutions.
"This mandate signifies the beginning of a long-term collaboration between Whiz and Citi in Asia." said David Russell, Asia Pacific Region Head for Citi's Securities and Fund Services. "Increasingly, investment alpha is becoming predicated on operational alpha. Citi's solid local capabilities and robust service platforms enable managers like Whiz to become more nimble and expand their business globally."
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About Whiz Partners Inc.
Whiz Partners Inc., launched in September 2010 as an independent investment and asset management firm, invests in companies and industries which keep such mettle and are accompanied by unique and creative technologies and services.
Whiz Partners focuses on bio-tech and healthcare businesses currently, which are considered to be key industries in the "New Growth Strategy" proposed by the Japanese government. These industries still need support to take root as the key industries. By providing necessary support, Whiz Partners aims to nurture promising companies and cultivate industries which it believes will form the foundation of the future growth of Japanese economy.