Citigroup Appointed Fund Administration Service Provider For AGF Management Limited.MISSISSAUGA, Ontario For the First Nation, see . Mississauga (pronounced: [ˌmɪsɪˈsɑgə] listen -- Citigroup (NYSE NYSE See: New York Stock Exchange : C) Corporate and Investment Banking announced today that it has reached an agreement to provide Transfer Agency, Fund Administration and related services to AGF AGF Assurances Générales de France AGF Army Ground Forces AGF American Growth Fund (mutual fund) AGF American General Finance AGF Arbeitsgemeinschaft der Grossforschungseinrichtungen AGF Anatomic Gift Foundation AGF Assume Good Faith Management Limited and other fund managers in the Canadian market. Through the new 10-year relationship, AGF will strengthen its global operational capabilities in support of its development as a leading global fund manager, and Citigroup will gain an immediate leadership position in the Securities Services industry in Canada while building on its existing global expertise in Transfer Agency and Fund Accounting services. In addition to the partnership with AGF, Citigroup will gain relationships with other fund managers in Canada through the transfer of shares in Unisen (a wholly-owned subsidiary of AGF) to Citigroup. "We are excited about combining the expertise of the Unisen team with our industry leading operations and technology capabilities, to create a world class Securities Servicing platform in Canada," said Frank Bisignano, Chief Executive Officer, Citigroup(R) Global Transaction Services, a unit of Citigroup Corporate and Investment Banking. "The long-term agreement with AGF further demonstrates our commitment to serving the needs of the investment management industry on a global basis." "We looked at numerous partners, and determined that Citigroup was the right choice for AGF," said Blake Goldring, President and Chief Executive Officer, AGF. "By partnering with such a large global provider like Citigroup, we can drive further economies of scale and give our clients access to the best in professional client services and administrative processing." Approximately 950 Unisen employees will transfer to Citigroup and remain based in Mississauga, Ontario. The deal will close before the end of the year. "This agreement gives us the opportunity to leverage Unisen's capabilities and existing client base to provide a full range of innovative Securities Services solutions to the Canadian marketplace," said Neeraj Sahai, Global Head of Securities Services for Citigroup Global Transaction Services. Sahai said clients who partner with Citigroup on their fund administration offerings realize meaningful benefits, including lower operating costs operating costs npl → gastos mpl operacionales , enhanced service Enhanced service is service offered over commercial carrier transmission facilities used in interstate communications, that employs computer processing applications that act on the format, content, code, protocol, or similar aspects of the subscriber's transmitted information; levels and are able to access a global platform for growth. About Citigroup Citigroup (NYSE: C), the leading global financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage, and asset management. Major brand names under Citigroup's trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney Smith Barney is a division of Citigroup Global Capital Markets Inc., a global, full-service financial firm, that provides brokerage, investment banking and asset management services to corporations, governments and individuals around the world. , and Banamex. Additional information may be found at www.citigroup.com. About Citigroup Corporate and Investment Banking Our Corporate and Investment Banking group achieves the extraordinary for our clients around the world. No financial institution is more committed to understanding and advancing the goals of its clients - our diverse and talented staff in some 100 countries advises companies, governments, and institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. on the best way to realize their strategic objectives. We create solutions for and provide the broadest possible capital and market access to thousands of issuer and investor clients, and no institution better executes the increasingly complex payment and cash management solutions required in today's global economy. Additional information can be found at: www.citigroupgcib.com About Citigroup(R) Global Transaction Services Citigroup(R) Global Transaction Services, a unit of Citigroup Corporate and Investment Banking, is a leading provider of integrated cash management, trade, securities and fund services for corporations, financial institutions, intermediaries and governments around the world. With over $ 139 billion in average liability balances, $8 trillion in assets under custody and the largest proprietary branch network, Citigroup's award-winning operating systems Operating systems can be categorized by technology, ownership, licensing, working state, usage, and by many other characteristics. In practice, many of these groupings may overlap. and Internet-based delivery channels enable clients to manage and monitor working capital and investments more efficiently, streamline transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. cycles, and re-engineer receivables and payment processes. Citigroup Global Transaction Services provides clients with access to Citigroup's full range of capabilities and solutions along with an on-the-ground presence and in-depth knowledge of more than 90 local markets. For additional information, see www.transactionservices.citigroup.com. About AGF AGF is one of Canada's premier investment management companies with offices across Canada Across Canada was an afternoon program that formerly aired on The Weather Network. The segment ran from early 1999 until mid 2002. The show ran from 3:00PM ET until 7:00 PM ET. and subsidiaries around the world. With approximately $32 billion in total assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. , AGF serves more than one million investors with offerings across the wealth continuum. AGF's products and services include a diversified diversified (di·verˑ·s family of over 50 mutual funds, AGF Harmony tailored investment program, AGF Private Investment Management and AGF Trust GICs, loans and mortgages. |
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