Florida pension fund chooses Citi

Florida pension fund chooses Citi

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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.

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