|
Citis Global Transaction Services business today announced that it has been appointed by Builders and Contractors Luxembourg (part of Hochtief Group) to provide a range of funds administration services and to take on board their Letters of Credit Program. In winning this significant appointment, Citi will become Builders and Contractors Luxembourg's main partner. The mandate includes safekeeping of assets and additional services including compliance monitoring, investment administration and accounting. The integrated service will allow Builders and Contractors to focus their efforts on value added asset management, while allowing fund shareholders to benefit from scale, efficiency and risk management. Builders will benefit from Citi's robust fund accounting service in Luxembourg...
|