Deutsche Bank has been appointed custodian bank by PT Asuransi CIGNA (‘CIGNA’), an Indonesian-based insurance company, for its Cigna Money Market Fund and Cigna Dynamic Click Fund.
Deutsche Bank will provide safekeeping, fund administration and settlement services for the two Unit Linked Funds (ULFs). It already services 18 of CIGNA’s other ULFs.
“The fact that we are moving all of our ULFs to Deutsche Bank is testament to Deutsche Bank’s service quality and the expertise of their team,” says David Anthony Tobin, Chief Financial Officer at PT Asuransi CIGNA.
Deutsche Bank Wins Indonesian Custody Mandate
Deutsche Bank has been appointed custodian bank by PT Asuransi CIGNA (‘CIGNA’), an Indonesian-based insurance company, for its Cigna Money Market Fund and Cigna Dynamic Click Fund.
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