AGF Management has selected Citi Global Transaction Services for its retail mutual funds in Canada, Benefits Canada reports. Citi already provides services, such as fund administration, fund accounting, transfer agency and custody services to AGF.
Through its OpenLendSM platform, Citi offers securities lenders customized service to improve the portfolio performance of AGF, adds Securities Lending Times. Citi Global Transaction Services had $365 billion in liability balances and $13.5 trillion in assets under custody, as of the second quarter of 2011.
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