Citi secures Victory 27 June 2012New York Reporter: Mark Dugdale
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Citi Transaction Services will continue to provide fund services to Victory Capital Management and its Victory funds after its contract was renewed.
Victory Capital is an investment management firm that manages $22.7 billion in investment portfolios as of April 30 2012. This includes the Victory funds, which is a family of more than 20 funds.
Citi will continue to provide administration and accounting services to Victory Capital and serve as the global custodian and transfer agent to the Victory funds. The contract renewal affirms a long-standing relationship between the firms.
“Over the course of our association, we have developed an extraordinarily strong working relationship with Citi,” said David Brown, the co-CEO of Victory Capital. "As our fund business and portfolios have grown, our servicing requirements have expanded and become more complex. Citi has delivered an increasingly broader suite of services—the right solutions at the right time—to support our investment strategy.”
Citi’s North America head of securities and fund services, Bob Wallace, said: “Victory Capital is an innovative firm, seeking new and better ways to achieve shareholder satisfaction and growth opportunities. Our goal is to bring the best of Citi’s global network to our clients, supporting innovation in a flexible and cost-effective way. We’re pleased that Victory has decided to renew its relationship with us, and we look forward to meeting their needs both now and well into the future.”
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