Citi adds Fiducian Group to securities services client portfolio
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Citi adds Fiducian Group to securities services client portfolio 09 April 2024Australia Reporter: Klea Neza
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Citi securities services has added Fiducian Group to its client portfolio completing the migration of custody, fund administration and registry service.
The project involved transitioning over 1,300 assets, transactions, tax parcel data and unit pricing across Fiducian’s Investor Directed Portfolio Service, superannuation wrap and Fiducian funds product offerings.
Fiducian will now use Citi’s data and technology solutions, front-to-back outsourcing model and their global network.
Indy Singh, executive chairman of the Fiducian Group, says: “Since appointing Citi as our securities services partner, we have received high levels of service and support. With Citi as our trusted long-term partner, we are well-positioned to continue our strong growth trajectory.”
Mark England, head of securities services, Citi Australia and New Zealand, comments: “Through ongoing investments into our data and technology capabilities, we are well-positioned to deliver a proposition that meets Fiducian’s specific business requirements.”
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