Legg Mason Picks Citi for Trade Support Outsourcing
Legg Mason, an investment manager in the managed accounts industry, has selected Citi to provide operations and trade support outsourcing for Legg Mason’s separately managed accounts (SMA) business.
Citi is providing Legg Mason with a broad range of services, including account servicing, reconciliation and performance reporting through its securities and fund services business. Legg Mason is also using trade support, allocation, and settlement services through Citi.
“Citi has been a good partner to Legg Mason and we look forward to continue working with them on these important initiatives. Citi is well known for its operational expertise in separately managed accounts. We believe that leveraging our long standing partnership will assist Legg Mason in providing better service to our clients,” said, Lisa Hanes, director, Legg Mason Private Portfolio Group.