Already serving Sagicor Jamaica, the US bank will also offer the services to Sagicor Investments (Securities Dealer), as well as Sagicor Bank Jamaica Limited’s (SBJL) proprietary assets.

This will enable the company to redefine its financial services in the Caribbean and expand operations in its home and international financial services market.

Presently, Citi offers daily securities valuation, reconciliation, fund accounting, reporting and custody services for Sagicor Life Jamaica and Sagicor Life Cayman Islands.

Commenting on the contract, Sagicor Jamaica CFO Ivan Carter said, "Citi’s local presence, proprietary global sub-custody network and proven expertise as a fund administrator were all important factors in our decision to expand our relationship further."

Being offered through Citi OpenInvestor, Citi’s full suite of investment service technologies enables managers to concentrate on their core activities of managing assets and serving their clients.

Citi Open Investor offers institutional, alternative and wealth managers with middle-office, fund services, custody, investing and financing services that are focused on their particular challenges and tailored to their individual needs.