Mackenzie makes a beeline for Citi’s services 05 June 2013Hong Kong and Singapore Reporter: Jenna Jones
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Mackenzie Investments has selected Citi to provide a complete suite of fund administration, middle office, collateral management and transfer agent services in support of its portfolio advisory and fund management activities in Asia.
Venkat Kannan, chief administrative officer of Mackenzie Investments, said: “As this is our first foray into direct portfolio advisory activities in Asia, outsourcing our middle office to Citi is a clear choice as Citi has a robust fund services platform in place, which can fully support our credit and macro investment strategy.”
David Russell, Asia Pacific head of securities and fund services at Citi, added: “As global fund managers continue to expand their businesses in Asia, Citi is uniquely positioned with a strong local presence and a comprehensive range of information delivery and reporting technology and investment services solutions that let fund managers focus on building relationships and growing their business.”
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