Citi already has a deep-rooted relationship with AGF, providing fund administration, fund accounting, transfer agency and custody services.
“We are pleased to add the securities lending component to our relationship with Citi,” says Robert Bogart, executive vice president and CFO for AGF Management Limited. “Citi’s reputation for providing clients with top-level service and effective controls procedures with full transparency assists us in delivering on our value proposition to AGF security holders.”
Bob Wallace, securities and funds services’ head for the North America region at Citi, adds: “Our relationship with AGF is a key element of our Global Transaction Services franchise. The addition and implementation of a securities lending component with such a first-class organization is a notable business milestone for us as we continue to grow our securities and fund services business in Canada.”
(CM)