Citi’s Global Transaction Services (GTS) has launched its advanced pooling solution (APS) with Netherlands-based TKP Investments, a subsidiary of Aegon Global Pensions, as its first customer.
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. The service offering spans multiple products across the Citi’s investor services group including: fund accounting, custody, securities lending, performance measurement and compliance monitoring.
TKP Investments, who operates a 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.”
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