Citi Investor Services has been appointed by the East Capital group, an asset manager specialized in emerging and frontier markets, to provide a complete suite of fund services including custody, depositary, fund administration and transfer agency for its recently-launched China A-Shares Fund, a sub-fund under the East Capital (Lux), SICAV-SIF umbrella fund. This new mandate extends Citi’s existing relationship with East Capital for which Citi already provides fund services.
The East Capital China A-Shares Fund, which invests in Renminbi-denominated A-shares listed on China’s mainland stock exchanges in Shanghai and Shenzhen, is registered in Luxembourg and already fully subscribed.
“East Capital is the first fund management firm domiciled in the Nordic region to receive a quota approval from the State Administration of Foreign Exchange under the Qualified Foreign Institutional Investor (QFII) programme, Karine Hirn, partner and co-founder of East Capital (based in Hong Kong), said. “Our partnership with Citi has been instrumental in ensuring the successful launch of the fund and we look forward to working with them to deliver incremental value to our investors.”
Frontier and Emerging Markets Investor Appoints Citi
Citi Investor Services has been appointed by the East Capital group, an asset manager specialized in emerging and frontier markets, to provide a complete suite of fund services including custody, depositary, fund administration and transfer agency for its recently-launched China A-Shares Fund, a sub-fund under the East Capital (Lux), SICAV-SIF umbrella fund.