Forward Management have chosen Citi to provide global custody services to support Forward Funds, a diverse group of traditional and alternative mutual funds with assets of $6 billion.
Rob Naka, managing director of operation at Forward Management, said: “As we expanded our range of offerings to include alternative, international and global strategies and Forward’s assets under management grew, we searched for a custodian that could best help us implement these strategies.”
“Citi offered a scalable solution that could meet our evolving settlement and asset servicing needs, and the resources of a premier global bank to support our longer-term strategic objectives.”
Chandresh Iyer, head of wealth and asset manager services at Citi, said: “At Citi we approach investment services from an asset manager’s perspective with tailored solutions that deliver access, insight and expertise from our on-the-ground presence in over 95 markets around the world.”
“As Forward is thinking about the future, we are looking forward to delivering the advantage of partnering with a custodian that offers expertise across the full spectrum of banking and securities services.”
