Published On: Wed, Aug 1st, 2012

Citi Appointed by Asian Asset Manager Value Partners To Provide Global Custody, Fund Administration and Fiduciary Services For its First UCITS Fund

Dirk Jones, Citi Global Head of Securities and Fund Services

Dirk Jones, Citi Global Head of Securities and Fund Services

Citi was awarded a mandate by Value Partners Group Limited (“Value Partners”), one of Asia’s largest asset management firms with assets under management of over US$7.2 billion, to provide a complete suite of global custody, fund administration, and fiduciary services for Value Partners’ first UCITS-compliant fund- Value Partners Absolute Greater China Classic Fund.

Launched in June 2012, the new UCITS fund is a sub-fund of Value Partners Ireland Fund plc, a Dublin-domiciled umbrella company regulated by the Central Bank of Ireland.

“Given the current challenging macro environment and the European sovereign debt crisis, investors are keen to explore fund products that have an Asian focus and exposure” said Mr. Timothy Tse, Chief Executive Officer of Value Partners. “This UCITS fund provides investors with an opportunity to access the strong growth potential in Greater China at a relatively attractive valuation through a well-recognized, regulated vehicle. We are confident that Citi’s global custody network, coupled with its regional expertise and scalable fund services platform will bring added value to our investors.”

Citi is a leading global service provider to the fund industry with over $1.5 trillion in assets under fund administration. In addition to its integrated fund administration offering, Citi offers fund and partnership accounting, transfer agency and distribution support, alternative investment services and a full suite of asset manager solutions through Citi OpenInvestorSM

Dirk Jones, Global Head of Securities and Fund Services Client Sales Management said: “We are very pleased to have been selected by Value Partners to provide custody and fund administration services to its first UCITS funds. As investors continually look for new investment opportunities across multiple geographies and emerging markets, Citi’s on-the-ground presence in over 100 markets can help leading fund managers such as Value Partners expand their reach and business. This mandate is testament to the strength of our global network as well as our robust fund services platform. We look forward to leveraging these resources to help Value Partners achieve their growth objectives.”

Citi OpenInvestor is the investment services solution for today’s diversified investor, combining specialized expertise, comprehensive capabilities and the power of Citi’s global network to help clients meet performance objectives across asset classes, strategies, and geographies. With a network that spans more than 95 countries and over US$13 trillion in assets under custody, Citi offers award winning service and unmatched scale. Citi provides complete investment services for institutional, alternative, and wealth managers delivering middle office, fund services, custody, investing and financing solutions focused on clients’ specific challenges, customized to their individual needs.

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