Citi Wins Mandate From Nedgroup Investments' UCITS Fund

Citi has won a new mandate from Nedgroup Investments, the $2 billion AuM asset management arm of Nedbank.
By Charlie Woodward(2147487990)
Citi has won a new mandate from Nedgroup Investments, the $2 billion AuM asset management arm of Nedbank.

Citi will provide a full range of investor services for the Nedgroup Investments Funds Plc., which has recently become an authorized Irish-domiciled UCITS fund. The mandate extends Citi’s relationship with the firm, as it already services Nedgroup Investments MultiFunds, and Citi will now provide Nedgroup Investment Funds’ three sub-funds with trustee, custody and fund administration services.

“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,” says Andrew Lodge, managing director at Nedgroup.

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