Jan 10, 2013
Hong Kong, January 9th 2013 - Citi was appointed by Franklin Templeton Investments (Asia) Limited (“Franklin Templeton”) to provide trustee, custody and transfer agent services in support of the launch of its inaugural Templeton China Opportunities Fund in Hong Kong. Leveraging Citi’s breadth of product capabilities, global network and knowledge on QFII, this new mandate extends an existing relationship for which Citi currently provides fund services for Franklin Templeton’s MPF funds.
“We are honored to be selected by Franklin Templeton to support the launch of their first A-Share Unit Trust, Templeton China Opportunities Fund, in Hong Kong.” said David Russell, Regional Head, Asia Pacific, Securities and Fund Services, Citi Transaction Services. “This new mandate further demonstrates how global fund managers are employing locally manufactured funds tailormade for Asian markets and how Citi is well-positioned to support these opportunities with our strong trust and fund administration capabilities, as well as solid experiences on QFII.”
With over $1.5 trillion in assets under administration, Citi is a leading global service provider to the global funds industry. Citi’s full suite of investment service solutions delivered through Citi OpenInvestorSM lets managers focus on their core activities of managing assets and serving their clients.
Citi OpenInvestorSM is the investment services solution for today’s diversified investor that combines specialized expertise, comprehensive capabilities and the power of Citi’s global network to help clients meet performance objectives across asset classes, strategies and geographies. Citi OpenInvestorSM provides institutional, alternative and wealth managers with middle-office, fund services, custody, and investing and financing solutions that are focused on their specific challenges and customized to their individual needs.
Re-disseminated by The Asian Banker