Forward Management has selected Citi as global custodian for its Forward Funds, encompassing traditional and alternative mutual funds with assets of $6 billion.
Rob Naka, managing director of Operations at Forward, says the firm sought a custodian that could help it as it expanded into alternatives and international strategies.
Citi offered a scalable solution that could meet our evolving settlement and asset servicing needs, and the resources of a premier global bank to support our longer-term strategic objectives, Naka says.
Chandresh Iyer, managing director of Investor Services at Citi, adds: “At Citi, we approach investment services from an asset managers perspective with tailored solutions that deliver access, insight and expertise from our on-the-ground presence in over 95 markets around the world. As Forward is thinking about the future, we are looking forward to delivering the advantage of partnering with a custodian that offers expertise across the full spectrum of banking and securities services.
(CG)