Citi has been selected by investment manager Polunin Capital Partners to provide global custody, fund administration and depositary services for its Luxembourg-domiciled Polunin Funds.
Polunin Funds comprise of developing countries and emerging markets small cap UCITS sub-funds.
This new mandate builds on the existing relationship between Citi and Polunin through, which Citi also provides global custody for its US-domiciled funds.
Jervis Smith, Citi’s head of investor services in Luxembourg, said: “We are pleased to expand our services to Polunin.”
Smith has been with Citi since 1994, and was previously head of the securities services business in the Asia Pacific region before he was appointed head of investor services for Luxembourg.
He added: “This further appointment is an endorsement of our global custody and fund administration platform and highlights the strength of our franchise in Luxembourg.”
“We look forward to leveraging our extensive custody and clearing network to help Polunin grow their investment company with variable capital business and provide them with a consistent experience across multiple jurisdictions.”
