Citi to support Nedgroup UCITS fund 22 July 2014Dublin Reporter: Catherine Van de Stouwe
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Citi has received a new mandate from Nedgroup Investments to provide a full range of investor services for the Nedgroup Investment Funds.
The Nedgroup Investments Funds recently became an authorised Irish-domiciled UCITS fund and the new mandate will see Citi provide trustee, custody and fund administration services.
Citi will continue to prove an integrated range on investor services for the Nedgroup Investments MultiFunds, which are also domiciled in Ireland.
Pat Curtin, head of global fund services for Citi, said: “We are delighted to expand our existing relationship with Nedgroup Investments.”
“This new mandate is further testament to the strength of our investor services platform and we look forward to leveraging our UCITS expertise as well as the breadth of Citi’s proprietary network to support Nedgroup Investments’ growth objectives and distribution needs.”
Andrew Lodge, managing director of Nedgroup Investments, added: “As our UCITS product offering continues to grow, we are pleased to gain further efficiency by consolidating our assets with a single fund service provider.”
“We are confident that Citi’s scalable platform will help support our expansion plans while maximizing returns for our investors.”
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