Nedgroup Investments has awarded Citi a new mandate to provide a full range of investor services for the Nedgroup Investments Funds, which recently became an authorized Irish-domiciled UCITS fund.
Under the partnership, Citi will provide trustee, custody and fund administration services as well as an integrated range of investor services for the Nedgroup Investments MultiFunds that are domiciled in Ireland.
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Citi Investor Services provides fund managers with access to a set of flexible investment solutions in areas such as prime finance and agency securities lending, futures, OTC clearing and collateral management, global custody services and global fund services.
Pat Curtin, head of global fund services at Citi said: "This new mandate is further testament to the strength of our investor services platform and we look forward to leveraging our UCITS expertise as well as the breadth of Citi’s proprietary network to support Nedgroup Investments’ growth objectives and distribution needs."
Andrew Lodge, managing director of Nedgroup Investments (IoM), said: "As our UCITS product offering continues to grow, we are pleased to gain further efficiency by consolidating our assets with a single fund service provider. We are confident that Citi’s scalable platform will help support our expansion plans while maximizing returns for our investors."
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