Citigroup unveils retail transfer agency services

Platform also allows for support in offshore funds markets.
March 15, 2006
Citigroup has formally announced the introduction of retail transfer agency to customers in Asia-Pacific, as demand for more back office outsourcing takes greater root in the region. Following its launch, CitigroupÆs fund services business, part of its global transaction services GTS division, now has the capability to support clients throughout the region on both the retail investor and distributor level side.

Citigroup plans to target clients in the insurance, mutual fund and unit-linked space in Asia-Pacific over the coming months. It also sees a healthy pipeline of interest for its transfer agency services, stressing that prospective clients are keen to leverage its unique single platform over multiple markets approach.

Citigroup plans to offer transfer agency...

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