Citigroup Selected by Dimensional Fund Advisors to Provide Comprehensive Portfolio of Middle-Office Operational Services around the World.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Mandate involves $100 billion in 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. in mutual funds and separate accounts across multiple investment strategies Global Transaction Services, a business unit of Citigroup Corporate and Investment Banking, today announced that it has been chosen to provide Dimensional Fund Advisors Dimensional Fund Advisors is an investment firm that develops mutual funds grounded in academic research. The company was founded in 1981 by David Booth and Rex Sinquefield, both M.B.A. with a comprehensive portfolio of middle-office operational services to its offices around the world. Dimensional Fund Advisors, an asset management and mutual fund firm with over $100 billion in assets under management, is headquartered in Santa Monica, California For other uses, see Santa Monica (disambiguation). Santa Monica is a coastal city in western Los Angeles County, California, USA. Situated on Santa Monica Bay of the Pacific Ocean, it is surrounded by the City of Los Angeles — Pacific Palisades and Brentwood on the north, , with offices in Europe and Asia Pacific. Dimensional targets the returns of capital markets through investment strategies based on financial science. Its objective is to help clients structure globally diversified portfolios and to add value through state-of-the-art portfolio design and trading. Citigroup will provide Dimensional Fund Advisors with a comprehensive range of middle-office services within its Asset Manager Solutions program. These services range from portfolio accounting, trade and cash processing, corporate action processing, broker and custodian bailee (custodian) n. a person with whom some article is left, usually pursuant to a contract (called a "contract of bailment"), who is responsible for the safe return of the article to the owner when the contract is fulfilled. relationship management, post-trade compliance and operational data management services. "Citigroup's expertise, combined with its global footprint, will allow us to focus on what we do best - manage money for our clients in the U.S. and around the world," said David Booth David Booth (b. November 24 1984, Detroit, Michigan) is an American winger for the Florida Panthers of the National Hockey League. Drafted in 2004 the 53rd overall 2nd round of the 2004 draft. Completed his first NHL season, first with Florida. Made his NHL debut on Nov. , Chief Executive Officer and Chief Investment Officer, Dimensional Fund Advisors. "We welcome the opportunity to deepen our long-standing relationship with one of the most innovative fund managers in the industry," said Neeraj Sahai, Global Head, Securities and Fund Services, Global Transaction Services, Citigroup Corporate and Investment Banking. "Just as Dimensional has been a pioneer in science-based investing, it is also leading the marketplace in recognizing the benefits Citigroup can offer asset managers - scalable, best-of-breed solutions delivered through a world-class operations and technology platform." About Dimensional Fund Advisors Dimensional Fund Advisors offers investment solutions guided by the science of capital markets. Today the firm has more than $100 billion under management for more than 300 clients, as well as for high-net-worth investors through professional financial advisors. About Citigroup Citigroup (NYSE NYSE See: New York Stock Exchange : 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. Core business lines under Citigroup Corporate and Investment Banking include Global Capital Markets, Global Banking and Global Transaction Services. |
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