Citi has been mandated by Wegelin & Co., the Swiss private bank, to provide a range of funds administration services. The mandate includes custody and additional services including performance measurement, compliance monitoring, investment administration and accounting.
Reto Sonderegger of Wegelin & Co. said, "We are looking forward to developing a strong working relationship with Citi. As we continue to develop innovative, cutting-edge quantitative products for cross-border distribution, we look to Citi as a partner in growth and provider of innovative and efficient solutions, which will meet our special needs."
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