Citi has been chosen by Apex Group to deliver integrated custody services and streamlined operational processes to Apex’s asset management clients.
Citi’s custody business combines local market knowledge with a global platform to deliver solutions that support clients’ most complex custody needs.
Apex delivers a full range of services from fund administration and corporate services as well as middle office solutions, depositary services, and now custody services via its partnership with Citi.
Sanjiv Sawhney, global head of custody and fund services at Citi, said: “We are very pleased to have been selected by the Apex Group and look forward to helping them achieve their impressive growth objectives.”
He added: “As we continue to build on the momentum of our custody platform, this mandate highlights our commitment to serve our clients across jurisdictions with an integrated custody model that delivers accuracy, risk mitigation, market intimacy and low latency while driving operational efficiencies.”
David Rhydderch, head of regulated product at Apex, commented: “Partnering with Citi to deliver custody services to our global client base will add great value to the Apex offering through the bank’s proprietary network and complementary global operational and service models.”
He added: “Citi’s institutional capabilities fit well with our ongoing growth trajectory and
recently acquired banking and depositary services.”
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