Franklin Templeton puts faith in Citi ahead of new fund launch
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Franklin Templeton puts faith in Citi ahead of new fund launch 09 January 2013Hong Kong Reporter: Georgina Lavers
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In light of the launch of its inaugural Templeton China Opportunities Fund in Hong Kong, Franklin Templeton has mandated Citi to provide trustee, custody and transfer agent services.
The new mandate extends an existing relationship that sees Citi provide fund services to Franklin Templeton’s MPF funds.
“We are honoured to be selected by Franklin Templeton to support the launch of their first A-Share Unit Trust, Templeton China Opportunities Fund, in Hong Kong.” said David Russell, regional head of Asia Pacific, securities and fund services at Citi Transaction Services.
“This new mandate further demonstrates how global fund managers are employing locally manufactured funds tailormade for Asian markets and how Citi is well-positioned to support these opportunities with our strong trust and fund administration capabilities, as well as solid experiences on QFII.”
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