Citi Awarded Mandate from Franklin Templeton to Provide Trustee, Custody and Transfer Agent Services
Citi Awarded Mandate from Franklin Templeton to Provide Trustee, Custody and Transfer Agent Services
HONG KONG & NEW YORK--(BUSINESS WIRE)-- 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 tailor-made 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. For more information, visit openinvestor.transactionservices.citi.com
Citi Transaction Services, a division of Citi's Institutional Clients Group, offers integrated cash management, trade, and securities and fund services to multinational corporations, financial institutions and public sector organizations around the world. With a network that spans more than 95 countries, Citi's Transaction Services supports over 65,000 clients. As of the third quarter of 2012, it held on average $415 billion in liability balances and $12.8 trillion in assets under custody.
About Citi:
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Additional information may be found at www.citigroup.com Twitter: @Citi YouTube: www.youtube.com/citi Blog: http://new.citi.com Facebook: www.facebook.com/citi LinkedIn: www.linkedin.com/company/citi
Citi
Media:
Hong Kong
Yvonne Chan, +852 2868 7682
yvonne.chan@citi.com
or
New York
Nina Das, +1 212-816-9267
nina.das@citi.com
KEYWORDS: United States Asia Pacific North America New York Hong Kong
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