Citi has renewed its agreement with Chou Associates Management and will continue to provide fund accounting, transfer agency, custody, and trust and securities lending services for the $600 million that it oversees in mutual fund assets.
Chou Associates Management, which became a Citi client in 2007, has agreed to a five-year deal.
Gurmeet Ahluwalia, the head of Citi's securities and fund services business in Canada, said: “The renewal of this mandate with such a respected market participant is a compliment to the individuals on our team, who work so diligently to ensure our level of service remains unmatched.”
“It is also a testament to our bundled investor services offering, which we are able to constantly enhance by leveraging Citi's operations around the world, where we are in more markets than any other competitor.”
