Citi Global Transaction Services has been awarded a new mandate by collective investment schemes manager Nedgroup Investments to provide a full investor service provision for a new Irish UCITS fund.
The mandate includes trustee and custody services, fund administration, transfer and foreign exchange solutions. The size of the mandate was not released.
“We look forward to supporting Nedgroup Investments with their new UCITS fund, says Richard Ernesti, global head of investor client sales management at Citi. In doing so, we’ll leverage our local market expertise as well as our global capabilities across Securities Funds and Services in order to create a tailored program and meet the fund’s specific needs.”
Andrew Lodge, managing director of Nedgroup Investments (IoM) Limited, adds: “The quality of the service providers is a key factor in the success of the product and we are delighted to enter into an agreement with a truly professional and highly respected company such as Citi.”
(CG)