Citi wins new Banco de Brasil mandate 26 January 2011Dublin Reporter: Ben Wilkie
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Citigroup’s Global Transaction Services has been appointed by Banco do Brasil to provide a full suite of investor services including trustee, custody, administration, transfer agency and cash management to Banco do Brasil’s new Irish domiciled Qualified Investor Fund, BB Unit Trust Ireland, an open-ended umbrella unit trust authorised in Ireland by the Central Bank of Ireland.
José Ewerton Motta Nunes, head of distribution, Banco do Brasil, said: "By selecting Citi, we are obtaining access to their high calibre technology, expertise, global footprint and local knowledge. Citi was able to provide us with a state-of-the-art solution that was flexible and matched the needs of our company".
Richard M.F. Ernesti, global head of investor services client & sales management, Citi, said: "By winning this important mandate, Citi has received a strong acknowledgement from Banco do Brasil – one of the oldest financial institutions in the world – for our investor services solutions and products. Banco do Brasil will benefit from our network and breadth of services to help it seize the advantages of the current investment environment".
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