Citi has been selected by Pacific Asset Management (PAM) to provide full fund administration and custody services for its Dublin-registered UCITS funds.
As part of the mandate, Citi will provide fund administration, depositary, custody, clearing and foreign exchange solutions.
Paul McLernon, COO of PAM, commented: “Before continuing with our growth plans, it was important that we identify the right strategic partner, one that could provide us with a strong operational backbone for our diversified range of UCITS funds and work with us on creating solutions to adapt to new regulation and client needs.”
Matthew Bax, head of sales for custody and fund services at Citi, Europe, the Middle East and Africa, added: “As we continue to invest in our platform across the full spectrum of custody and fund services, we are delighted to add Pacific Asset Management as a new client and look forward to supporting the expansion of their UCITS funds.”
