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Sagicor Jamaica expands Citi mandate
19 August 2013
The bank will provide global custody and other services for additional Sagicor assets
Citi has expanded its relationship with Sagicor Jamaica to provide a full set of global custody, treasury, and fund administration services for its additional assets.
The bank will provide these services for Sagicor Investment Jamaica Limited, Sagicor Sigma Funds and Sagicor Investments in addition to Sagicor Bank Jamaica Limited's proprietary assets.
Citi already provides services including fund accounting, reporting and custody services for Sagicor Life Jamaica and Sagicor Life Cayman Islands.
Neeraj Sahai, global head of securities and fund services at Citi, said managers in emerging markets are increasingly seeing value in outsourcing investment services and treasury functions.