Citi Adds Middle Office Services to Victory Capital Management
Asset manager Victory Capital Management has gone live with a range of middle office outsourcing services provided by Citi, including trade processing, portfolio accounting and reconciliation, performance measurement, investor billing, voluntary corporate actions, and investor statements for its institutional portfolios.
Citi has provided fund accounting, administration and transfer agency services to Victory since 1986, as well as serving as its global custodian since 2009.
"Our selection of Citi is a testament to the strength of our partnership and their deep knowledge of our business" says David Brown, co-CEO of Victory. "After a thorough evaluation of service providers, we felt that Citi offered the best combination of investment operations expertise and industry-leading technology that will leave us more resources to focus on delivering superior investment performance and service to our clients."
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