Banco do Brasil has appointed Citigroup’s Global Transaction Services (GTS) to provide a suite of investor services including trustee, custody, administration, transfer agency and cash management to the Brazilian bank’s new Irish domiciled qualified investor fund, BB Unit Trust Ireland, an open-ended umbrella unit trust authorised in Ireland by the Central Bank of Ireland.
José Ewerton Motta Nunes, head of distribution, Banco do Brasil, said: “By selecting Citi, we are obtaining access to their high calibre technology, expertise, global footprint and local knowledge. Citi was able to provide us with a state-of-the-art solution that was flexible and matched the needs of our company.”
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