Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Fidelity Picks Citibank as Muni Fund Custodian Not Rated 3.0 Email Routing List Email & Route  Print Print
Monday, March 15, 1999

Fidelity Picks Citibank as Muni Fund Custodian

Reported by Jason Shank

Citibank Worldwide Securities Services (WWSS) has been appointed by Fidelity Investments to provide custodial services for its municipal bond and money market portfolios. Citibank WWSS will service 36 Fidelity municipal funds with total assets valued at $35 Billion. The announcement accompanies recent mandates for custody awarded to Citibank by Dimensional Fund Advisors (DFA), Janus, OppenheimerFunds, Inc. and Aid Association for Lutherans (AAL).

The package of services that Citibank will provide include: securities safekeeping for US municipal fixed income securities; transaction processing; custodial reporting and income and corporate action processing.

The service team supporting Fidelity will be headquartered in Citibank's new, state-of-the-art service center in Tampa, Florida. The Tampa facility opened in May of 1998 to serve the North and Latin American regions. It is one of four regional securities processing centers, along with Dublin, Singapore and Lewisham (England).

"Citibank is delighted to work with Fidelity," said Sandy Jaffee, Citibank WWSS' division executive. "This opportunity recognizes the investments we are making to enhance our custody platform in the U.S., which is a high priority market for us."  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

3.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use