Citi said it has been awarded a contract renewal of its fund services to Victory Capital Management and to the Victory Funds.

Cleveland-based Victory Capital managed $22.7 billion in investment portfolios as of April 30, including the Victory Funds, a family of more than 20 mutual funds.

“As our fund business and portfolios have grown, our servicing requirements have expanded and become more complex,” stated David Brown, co-chief executive officer of Victory Capital Management. “Citi has delivered an increasingly broader suite of services – the right solutions at the right time – to support our investment strategy.”

Citi Transaction Services held some $13 trillion in assets under as of Q1.

 

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access