Citi Wins Fund Administration and Custody Mandate from Pacific Asset Management
Citigroup, Inc. (C)
Last citigroup, inc. earnings: 4/15 08:00 am
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citigroup.com/citi/investor/pres.htm
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Source: Business Wire
DUBLIN--(BUSINESS WIRE)-- Citi has been selected by Pacific Asset Management (PAM), the asset management arm of the Pacific Investments Group, to provide full fund administration and custody services for its Dublin-registered UCITS funds. As part of the mandate, Citi will provide fund administration, depositary, custody, clearing and foreign exchange solutions. Paul McLernon, COO of PAM said: “Before continuing with our growth plans, it was important that we identify the right strategic partner, one that could provide us with a strong operational backbone for our diversified range of UCITS funds and work with us on creating solutions to adapt to new regulation and client needs.” With over $20.6 trillion of assets under custody and administration 1 and the industry-leading proprietary network spanning over 60 markets, Citi’s Custody and Funds Services business provides clients with in
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