Citi renews mandate with unique Canada fund
09 May 2013 Toronto
Citi has renewed a mandate with Excel Funds to provide transfer agency services and fund valuation for its mutual fund offering in Canada.
The new agreement also adds global custody services to a mandate first established between Excel Funds and Citi in 2005. Excel Funds is Canada’s first and only emerging markets focused mutual fund provider.
"In the time we have partnered with Citi, they have proven their commitment to our business. Given our desire to further expand our offering into new markets, we have also enlisted them to manage our custody services globally,” said Bhim Asdhir, president and CEO of Excel Funds.
“Citi’s global reach and commitment to service provides the flexibility that meets our growing needs, and those of our dealers and investors.”
The new agreement also adds global custody services to a mandate first established between Excel Funds and Citi in 2005. Excel Funds is Canada’s first and only emerging markets focused mutual fund provider.
"In the time we have partnered with Citi, they have proven their commitment to our business. Given our desire to further expand our offering into new markets, we have also enlisted them to manage our custody services globally,” said Bhim Asdhir, president and CEO of Excel Funds.
“Citi’s global reach and commitment to service provides the flexibility that meets our growing needs, and those of our dealers and investors.”
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