Jun 27, 2013
New York/ Dublin, June 25th 2013 - Citi today announced that it has been appointed by Janus Global Capital Group (“Janus”) to provide a complete suite of global custody and trustee services for its Dublin registered funds. This new mandate extends Citi’s existing relationship with Janus for which Citi provides fund administration, accounting, and transfer agency services.
Global fund managers are continually seeking out new markets for investment opportunities and are looking to develop products that offer access to different geographical areas, especially emerging markets. Citi’s newly launched Network 3.0 is a suite of investor service solutions that helps clients like Janus extend their reach and expand their business by leveraging its global network in over 95 countries and on-the-ground local market expertise.
“The reason we chose to broaden our relationship with Citi is that their extensive proprietary network offers us capabilities and insights into global markets that few if any other banks can match,” said George S. Batejan, Executive Vice President, Global Head of Technology and Operations, Janus. “We are quite impressed with the efficiencies gained through Citi’s Network 3.0 and believe it will aid us in effectively implementing strategies in the markets that afford us the most potential."
Core to Network 3.0 is the Integrated Custody program that will enhance technical platforms and reengineer operational processes to deliver top-tier levels of service including: industry best deadlines, 24 hour instruction processing and improved risk management. In addition, Network 3.0 provides investor clients with direct access to Citi’s in-market specialists via a Network Direct mobile application.
“Network 3.0 leverages Citi’s global network by providing a connected gateway offering increased efficiency and information that enables local access on a global basis,” said Chandresh Iyer, Head of Wealth and Asset Management Services, Citi. "Leading firms like Janus recognize the value of Citi’s globality and integrated solutions to unlock their investment potential and generate growth. We are pleased to be selected by Janus and look forward to delivering them a top-tier, end-to-end fund administration and custody services solution."
Citi provides a full range of investor services that are adapted to client needs for efficiency, transparency and risk management. Clients have the flexibility to establish custody accounts at the segregated level or in an omnibus structure.
Citi OpenInvestor 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. With $13.5 trillion in assets under custody and administration, Citi OpenInvestor 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