Diamond Hill selects Citi for securities lending
12 September 2011 New York
Image: Shutterstock
Citi has been appointed by Diamond Hill Capital Management, Inc. to provide a range of investor support services for the firm's fund assets totalling $4 billion.
"We selected Citi because they offer a rare combination of global perspective and local on-the-ground presence, as well as the ability to structure and scale solutions to meet our specific needs," said James F. Laird, chief financial officer, Diamond Hill Capital Management, and president of Diamond Hill Funds. "In making the decision to move our business to Citi, we were impressed by Citi's understanding of our day-to-day challenges and the value they place on fitting seamlessly into our operations with a consolidated service model."
The scope of services Citi is providing to Diamond Hill includes fund administration, accounting, transfer agency, global custody, and securities lending. Citi's fund operations are located in Columbus, Ohio, which is also headquarters for Diamond Hill.
"We are extremely pleased that Diamond Hill chose Citi," added Joseph Rezabek, managing director, Citi's Fund Services, North America. "As a boutique-style service partner, Citi will draw on years of practical experience to deliver solutions focused on the specialized needs and objectives of Diamond Hill, while leveraging the depth and breadth of our global network."
"We selected Citi because they offer a rare combination of global perspective and local on-the-ground presence, as well as the ability to structure and scale solutions to meet our specific needs," said James F. Laird, chief financial officer, Diamond Hill Capital Management, and president of Diamond Hill Funds. "In making the decision to move our business to Citi, we were impressed by Citi's understanding of our day-to-day challenges and the value they place on fitting seamlessly into our operations with a consolidated service model."
The scope of services Citi is providing to Diamond Hill includes fund administration, accounting, transfer agency, global custody, and securities lending. Citi's fund operations are located in Columbus, Ohio, which is also headquarters for Diamond Hill.
"We are extremely pleased that Diamond Hill chose Citi," added Joseph Rezabek, managing director, Citi's Fund Services, North America. "As a boutique-style service partner, Citi will draw on years of practical experience to deliver solutions focused on the specialized needs and objectives of Diamond Hill, while leveraging the depth and breadth of our global network."
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
