Citi has been appointed by global investment banking and asset management firm William Blair & Company.
William Blair & Company, which has $49.6 billion of assets under management, appointed Citi to provide offshore fund administration services for its Luxembourg-domiciled SICAV funds. Citi will provide an integrated range of services including custody, trustee, fund accounting, transfer agency and foreign exchange solutions.
William Blair launched its Luxembourg-domiciled SICAV funds in 2004 to allow European investors access to its investment strategies. Since then, the funds have grown to nearly $1.6 billion in assets as of December 31, 2012.
As our overseas business continues to grow, we are excited to partner with an experienced fund administrator with a global footprint to support our expansion plans while maximizing shareholder value, said William Blairs Rick Smirl, COO of William Blair Investment Management. We are confident that Citis scalable fund services platform coupled with its global network will enable us to meet these goals.
(JDC)