Canadian mutual fund manager re-signs with Citi
14 June 2012 Toronto
Image: Shutterstock
Citi has renewed its agreement with Chou Associates Management and will continue to provide trust and securities lending services for the $600 million that it oversees in mutual fund assets.
Citi will also provide Chou Associates Management with fund accounting, transfer agency and custody services.
Chou Associates Management, which became a Citi client in 2007, has agreed to a five-year deal.
Gurmeet Ahluwalia, the head of Citi's securities and fund services business in Canada, said: 鈥淭he renewal of this mandate with such a respected market participant is a compliment to the individuals on our team, who work so diligently to ensure our level of service remains unmatched.鈥�
鈥淚t is also a testament to our bundled investor services offering, which we are able to constantly enhance by leveraging Citi's operations around the world, where we are in more markets than any other competitor.鈥�
Citi will also provide Chou Associates Management with fund accounting, transfer agency and custody services.
Chou Associates Management, which became a Citi client in 2007, has agreed to a five-year deal.
Gurmeet Ahluwalia, the head of Citi's securities and fund services business in Canada, said: 鈥淭he renewal of this mandate with such a respected market participant is a compliment to the individuals on our team, who work so diligently to ensure our level of service remains unmatched.鈥�
鈥淚t is also a testament to our bundled investor services offering, which we are able to constantly enhance by leveraging Citi's operations around the world, where we are in more markets than any other competitor.鈥�
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