John Hancock chooses Citi for custody 05 August 2015New York Reporter: Stephanie Palmer
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John Hancock Group of Funds has chosen Citi to provide fund accounting services and global custody for 27 international US-registered mutual funds, representing assets of $29.1 billion.
Citi’s global custody service combines knowledge of local markets with a common global platform, and aims to provide scalable and flexible custody services.
Patrick Curtin, global head of sales and client management for global custody, fund services, and agency lending at Citi, said: “This mandate is a testament to the talent of our global funds teams and the reach of our enhanced global custody platform.”
He added: “As John Hancock’s ambitions spread globally and its needs become more complex, we are looking forward to delivering the advantage of our full spectrum of services to support their evolving needs.”
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