Citi has implemented a middle office investment services mandate to support Hong-Kong-based fund manager start up Cathay Conning Asset Management (CCAM). The company is a joint venture between Taiwans Cathay Financial and Conning, a U.S. asset manager for the insurance industry.
The mandate was implemented five weeks after the two firms reached their agreement and launch.
Mark Konyin, CEO, CCAM commented: The excellent achievement was the result of the outstanding co-operation between our teams to creat a direct link to Connings US platform to support middle office operations in Hong Kong and enabled us to start trading immediately.
The Citi OpenInvestor middle office support includes daily operations, data management and technology solutions for investment administration to optimize trade support and client management
(JDC)