BlackRock Awards Citi Trustee Mandate for HK-domiciled Unit Trust Fund

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 provide global custody and administration services to the inaugural fund.

Launched on Aug. 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.

“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.”