Citi Global Transaction Services has announced its appointment as fund administrator for E Fund Management.
Citi's Securities and Fund Services will provide fund administration for two recently launched funds: the emerging market long-only fund and emerging market long/short fund. E Fund Management (Hong Kong) is also looking to launch a renminbi-denominated QFII retail fund by the end of the year.
Citi will provide a comprehensive service to E Fund, which will include fund administration and custody for the long-only fund, including custody in more than 15 emerging markets. Citi will also be providing hedge fund administration for their long/short fund.
David Russell, regional head, Asia Pacific, Securities and Fund Services, Citi, said, "With Citi, clients can continue to capitalise on our capabilities across the trade lifecycle, enabling growth, reducing costs and mitigating risks.”
In a separate release, Citi announced its intentions to expand its alternative investment services to hedge fund and private equity investors in Asia Pacific.
