Citi has snagged a mandate from Forward Management to provide global custody services to support the Forward Funds, a family of traditional and alternative mutual funds with assets of $6 billion.

“Citi offered a scalable solution that could meet our evolving settlement and asset servicing needs, and the resources of a premier global bank to support our longer-term strategic objectives,” according Rob Naka, Managing Director of Operations, Forward, in a statement.

Citi OpenInvestor provides institutional, alternative and wealth managers with middle-office, fund services, custody, and investing and financing services.

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