Citi’s Global Transaction Services business has signed a new agreement with UK-based Standard Life Investments, a global fund manager, which has re-affirmed Citi as its principle fund administration and securities services provider with a new five year arrangement.

Reportedly, through this partnership, Citi will be supporting over £120 billion assets under management (AUM) by providing a full range of fund accounting, custody, middle office and investment reporting services for Standard Life Investments.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Citi has said that Standard Life Investments appointed Citi as their preferred Fund Administration Service Provider and Global Custodian, in 2003.

Andrew Gelb, head of securities and fund services for Europe, the Middle East and Africa, Citi, said: “Clients like Standard Life Investments are extremely important to Citi and we will continue to act as their service partner and grow with them. Citi believes it has built a world class fund accounting service in Edinburgh based on its single global operating platform, dedicated investor services management team, integrated client processes and by supporting its clients growth in the pensions and savings industries.”

William Littleboy, chief operating officer, Standard Life Investments, said: “This new agreement with Citi is the result of considerable re-thinking and re-engineering of our relationship and the current needs of both organisations. We are pleased to re-appoint Citi as our fund services administrator and recognise the progress we have both made over the last few years.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.