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Citi today announced that its global custody, fund accounting and fund administration solution for Fonds de Compensation de la Sécurité Sociale is live and a part of the assets have been successfully migrated onto Citi’s global funds administration and custody platforms in Luxembourg. Citi was appointed by the Fonds de Compensation du régime general de pension through a public tender process. Marc Pecquet, Citi Country Officer for Luxembourg, said, “We are thrilled to be working with Fonds de Compensation. Citi’s appointment by Fonds de Compensation underscores our commitment to being the local administrator of choice in Luxembourg and our ability to service both public and private sector clients in the country.” Citi is ranked among the five largest fund services providers in Luxembourg...
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