Banking Business Review
BPO & Outsourcing
Anonymous User | Login

Pacific Income Advisers Renews Relationship With Citi

Published: 22-Oct-2009

Citi to deliver full BPO services from one unified platform for the PIA's institutional accounts in addition to retail managed accounts

Citi has expanded its relationship with Pacific Income Advisers (PIA), a California-based investment advisory firm, with a new five year mandate. According to it, Citi will deliver full BPO services from one unified platform for the investment advisory firm's institutional accounts in addition to retail managed accounts with a total of $3.5 billion in assets.

These additional responsibilities are expected to complement the retail separately managed account services Citi has been providing through its OpenSMA platform since 2005.

In addition to its investment administration services for institutional, high net worth and separately managed accounts, Citi's investor services include mutual fund and alternative investment solutions, local and global custody services and securities finance.

Tim Tarpening, executive vice president, Pacific Income Advisers, said: “During our long relationship, Citi has supported our growth by allowing us to concentrate on what we do best – develop our business, manage our investment portfolios and deliver superior service to our clients. Using Citi's OpenSMA we can manage all our asset classes from one single platform. In addition to significant savings resulting from the elimination of disparate in-house systems, Citi's order management system dramatically expands our ability to scale our fixed income account volumes using bond characteristic based modeling. It makes our capacity virtually unlimited.”

Neeraj Sahai, global head of securities and fund services at Citi, said: “We are very pleased that Pacific Income Advisers has selected us for this latest mandate providing our unified platform for their multiple lines of business. This new agreement supports the acceptance of our operating model to deliver a single platform that can support an investment manager's front to back-office processing needs across business lines.”

Mail sent successfully

Tell your friend about this article


Please enter a valid email address

Please enter your name

Please enter the mail body


Your Name: *
Your Email: *
Friend's Email: *
Email Body: *
 

Suppliers To This Sector

Browse A-Z

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

HML

Homeloan Management ...

BBP

Comprehensive Outsourcing for Interbank Services, Compliance and Reconciliation ...

White Papers

Browse A-Z

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

How Financial Firms Can Improve Business Integration Capabilities and Increase Straight-Through Processing Efficiency

This paper identifies some of the more common issues and challenges such as security and t ...

The Value of a Comprehensive Integration Solution

Many enterprises are currently spending more on integration-related projects than they nee ...

Business Collaboration Networks: Integral to the Success of the Enterprise

Without question, the development exerting the greatest influence on traditional business ...

Authentication and Signing: A Cryptomathic Business White Paper for Electronic Banking

As a leading security vendor to the financial sector, Cryptomathic have extensive experien ...

Law Enforcement Grade Voice Authentication For Enterprises

Agnitio offers technology for speaker verification and identification in financial service ...

How to Secure Online Banking from Man-in-the-Middle Attacks

Online banking has been steadily growing over the past decade. Almost every bank worldwide ...

Related Companies

Citigroup Inc.

Citigroup Inc. (Citigroup) is a diversified financial services holding company based in ...

HSBC Holdings plc

HSBC Holdings plc (HSBC) is one of the largest banking and financial services companies ...

Deutsche Bank AG

Deutsche Bank AG (Deutsche Bank) is a global investment bank. The bank offers a wide ra ...

U.S. Bancorp

U.S. Bancorp (Bancorp) is one of the largest commercial bank in the US. The company is ...

The Royal Bank of Scotland Group PLC

The Royal Bank of Scotland Group plc (RBS) is the UK based banking and financial servic ...

Suppliers Product News

HML Joins the CBI

HML, the financial outsourcing provider, has announced it has become a member of the Confederation of British Industry (CBI).

Bradford & Bingley Extends Servicing Contract with HML

HML, the financial outsourcing provider, has announced an extension of its servicing and administration contract with Bradford & Bingley (B&B), the nationalised mortgage lender.

HML Maintains Its Position as the UK's Leading Servicer

HML, the financial outsourcing provider, has bolstered its reputation in the mortgage market by having its servicer ratings affirmed by each of the three major ratings agencies – S&P, Fitch and Moody's - and has been awarded a special servicer rating by Fitch for the first time.

Free Newsletter Sign-up

Sign up, and we will send you a free Hang Seng Bank Limited - Financial and Strategic Analysis Review from GlobalData worth $750

Please enter a valid email address