Tkp 169 2009
Citi Launches Its Advanced Pooling Solution with AEGON subsidiary TKP Investments as Its Signature Customer LONDON, AMSTERDAM - June 12, 2009 – Citi's Global Transaction Services business has today announced that it has launched its Advanced Pooling Solution with Netherlands-based TKP Investments and AEGON Global Pensions. Citi's Advanced Pooling Solution (APS) provides asset managers the ability to co-mingle funds with common investment strategies, even though they may have different regulatory, fiscal, accounting or operational characteristics. It is a unique service offering that spans multiple products across the Citi's Investor Services group; including fund accounting, custody, securities lending, performance measurement and compliance monitoring. Bernard Hanratty, Investor Services, Europe, the Middle East and Africa, Citi, said, 'Our clients can use APS in the evolution of their business models to achieve an optimal balance of investment strategies, performance, product mix and distribution.' This innovative solution has been the result of a culmination of many years of investment and research.
Citi has built a platform that can meet the needs of both investment managers and multinationals which are looking for an asset pooling solution. TKP Investments, who operates a highly successful multi-manager platform, has been a key partner in the development. Roelie van Wijk, CEO, TKP Investments, said, 'This asset pooling platform allows AEGON Global Pensions to offer a multi-client cross-border asset pooling solution for the pension schemes of medium-sized multinationals that do not have the scale or resources to develop their own solution.' Philips simplyshare dlya windows 7.
Added Erik van Houwelingen, Chairman, AEGON Asset Management, 'This will enable TKP to execute on its European growth strategy. We are very excited by this launch and the opportunities that this offers'. Andrew Gelb, Head of Securities and Fund Services, EMEA, Citi, said, 'Our solution is exceptional in many ways; incorporating the ability to meet the diverse investment objectives of different asset managers whilst being scalable and highly flexible. This new offering underscores Citi's continued commitment to innovation, technology and the ability to offer our clients solutions which meet their ongoing needs.' ### About Citi Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 140 countries.
Through its two operating units, Citicorp and Citi Holdings, Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Additional information may be found at. About Citi Global Transaction Services Global Transaction Services, a division of Citi's Institutional Clients Group, offers integrated cash management, trade, and securities and fund services to multinational corporations, financial institutions and public sector organisations around the world. With a network that spans more than 100 countries, Citi's Global Transaction Services supports over 65,000 clients. As of the first quarter of 2009, it held on average $278 billion in liability balances and $10.3 trillion in assets under custody.