Citi to provide securities lending to AGF 09 October 2011Toronto Reporter: Anna Reitman
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Citi Global Transaction Services (GTS) has announced that it has recently implemented securities lending services for AGF's retail mutual funds in Canada. This represents an expansion of the company's existing long-term relationship with AGF, which includes fund administration, fund accounting, transfer agency and custody services.
"Our relationship with AGF is a key element of our Global Transaction Services franchise," said Bob Wallace, Securities and Funds Services' Head for the North America Region. "The addition and implementation of a securities lending component with such a first-class organization is a notable business milestone for us as we continue to grow our Securities and Fund Services business in Canada."
Using its OpenLendSM platform, Citi provides securities lenders customised service to enhance their portfolio performance by delivering an open architecture that provides access to agency, third-party, hybrid and exclusives lending.
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