Citi Appointed To Service New Luxembourg State Pension Fund
Citi has announced that its global custody, fund accounting and fund administration solution for Fonds de Compensation de la Sécurité Sociale is live and a part of the assets have been successfully migrated onto Citi’s global funds administration and custody platforms in Luxembourg. Citi was appointed by the Fonds de Compensation du régime general de pension through a public tender process. Citi is ranked among the five largest fund services providers in Luxembourg with approximately US$150bn of assets under administration for over 100 individual distributors who distribute funds in over 50 countries. Citi services Luxembourg domiciled traditional funds, alternative funds, exchange-traded funds, pension funds and structured funds in the country.