Florida pension fund chooses Citi
Florida State Board of Administration, which represents a $146.2bn pension fund as well as around 30 other mandates, has chosen Citi as prime services provider.
More details are to be announced next month while the arragement is being finalised.
Deutsche Bank, Bank of America Merrill Lynch and Newedge and Pershing all also submitted applications for the role.
Florida State Board of Administration is yet to select a collateral management provider.
Found this useful?
Take a complimentary trial of the FOW Marketing Intelligence Platform – the comprehensive source of news and analysis across the buy- and sell- side.
Gain access to:
- A single source of in-depth news, insight and analysis across Asset Management, Securities Finance, Custody, Fund Services and Derivatives
- Our interactive database, optimized to enable you to summarise data and build graphs outlining market activity
- Exclusive whitepapers, supplements and industry analysis curated and published by Futures & Options World
- Breaking news, daily and weekly alerts on the markets most relevant to you