Citi has been awarded a contract renewal that includes an extension of its fund services to Victory Capital Management and to the Victory Funds. Citi will continue to provide sub-administration and sub-fund accounting to Victory Capital Management and transfer agency support services to the Victory Funds. As an extension of the mandate, Citi will now serve as global custodian to the Victory Funds.
This recent alignment strengthens a long-standing collaboration among the firms. As the asset manager and its funds have grown and their requirements have expanded, Citi has delivered fund services to support the firm’s investment strategy.
David Brown, COO of Victory Capital Management, said: “Over the course of our association, we have developed an extraordinarily strong working relationship with Citi. Citi has consistently provided us with fund solutions to match our specific needs, delivered with an excellent level of service, for the benefit of our firm and, more importantly, our funds’ shareholders.”
Neeraj Sahai, global head of securities and fund services at Citi, said: “Victory is an innovative fund firm – always seeking new and better ways to achieve shareholder satisfaction and growth opportunities. Citi is the perfect fit, because we provide a broad suite of proven global solutions that support innovation in a flexible and cost-effective way. We look forward to delivering additional services to Victory to support their continued success.
“Our goal is to partner with our clients in a way that best leverages Citi’s enterprise strength to increase efficiencies across the lifecycle of an asset. As the investment industry evolves, we have the modularity of offerings, flexibility of choice and the capabilities to support new and established investment products to a wide-ranging global client base.”
