Victory Renews and Extends Contract with Citi
Citi has been awarded a contract renewal that also includes an extension of its fund services to Victory Capital Management and Victory Funds. Specifically, Citi will continue to provide sub-administration and sub-fund accounting to Victory Capital Management and transfer agency support services to the Victory Funds. As an extension of the mandate, Citi will now serve as global custodian to the Victory Funds.
This recent alignment strengthens a long-standing collaboration among the firms. As the asset manager and its funds have grown and their requirements have expanded, Citi has delivered an increasingly broader suite of fund services to support the firm’s investment strategy.
“Over the course of our association, we have developed an extraordinarily strong working relationship with Citi,” said David Brown, chief operating officer (COO) of Victory Capital Management. “Citi has consistently provided us with fund solutions to match our specific needs, delivered with an excellent level of service, for the benefit of our firm and, more importantly, our funds’ shareholders.”
In addition to its integrated suite of end-to-end fund solutions for asset managers, Citi’s Investor Services include investment administration for institutional, high net worth and separately managed accounts, as well as local and global custody and securities finance.