This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Citi Expands Mandate With Sagicor Jamaica For Fund Administration And Custody Services

Citi has expanded its mandate from Sagicor Jamaica (“Sagicor”) to provide a comprehensive suite of fund administration, global custody and treasury services for Sagicor Investment Jamaica Limited (SIJL): Sagicor Sigma Funds (Unit Trust) and Sagicor Investments (Securities Dealer), as well as Sagicor Bank Jamaica Limited’s (SBJL) proprietary assets. With a proud history dating back to 1840, Sagicor views itself as a dynamic group which has been redefining financial services in the Caribbean, building a strong base from which it has expanded into the international financial services market.

Citi currently provides daily securities valuation, reconciliation, fund accounting, reporting and custody services for Sagicor Life Jamaica and Sagicor Life Cayman Islands.

“We are very pleased to extend our relationship with Citi for these additional assets,” said Ivan Carter, CFO, Sagicor Jamaica. “Citi’s local presence, proprietary global sub-custody network and proven expertise as a fund administrator were all important factors in our decision to expand our relationship further.”

With $13.4 trillion in assets under custody and $1.9 trillion assets under administration, Citi is a leading service provider to the global financial services industry. Citi’s full suite of investment service solutions delivered through Citi OpenInvestor lets managers focus on their core activities of managing assets and serving their clients.

“This new mandate from Sagicor is further evidence that managers in emerging markets, like the Caribbean, are increasingly recognizing the value of outsourcing investment services and treasury functions,” said Neeraj Sahai, Global Head, Securities and Fund Services, Citi.

Peter Moses, Jamaica Citi Country Officer, added “We are pleased to help Sagicor become more efficient and expand their business by leveraging our global scale and operational expertise.”

Citi Open Investor provides institutional, alternative and wealth managers with middle-office, fund services, custody, 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.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,689.86 -56.12 -0.32%
S&P 500 2,103.84 -4.79 -0.23%
NASDAQ 5,128.2810 -0.5040 -0.01%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs