Citi heads down into Jamaica 20 August 2013Kingston Reporter: Georgina Lavers
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Citi has expanded its mandate with the Caribbean bank Sagicor Jamaica to provide fund administration, global custody and treasury services for Sagicor Investment Jamaica; Sagicor Sigma Funds and Sagicor Investments, as well as Sagicor Bank Jamaica’s proprietary assets.
Citi currently provides daily securities valuation, reconciliation, fund accounting, reporting and custody services for Sagicor Life Jamaica and Sagicor Life Cayman Islands.
“This new mandate from Sagicor is further evidence that managers in emerging markets, like the Caribbean, are increasingly recognizing the value of outsourcing investment services and treasury functions,” said Neeraj Sahai, global head of securities and fund services at Citi.
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