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Forward Funds select Citi to provide global custody for USD6bn of assets

Citi has been awarded a mandate from Forward Management to provide global custody services to support the Forward Funds, a diverse family of traditional and alternative mutual funds with assets of USD6bn.

“As we expanded our range of offerings to include alternative, international and global strategies and Forward’s assets under management grew, we searched for a custodian that could best help us implement these strategies,” says Rob Naka, managing director of operations, Forward. “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.”

With over 60 proprietary branches and agent banks covering 95 markets, Citi is a provider of global custody services, combining local market expertise and a common global platform to deliver consistent, scalable and flexible solutions.

"At Citi, we approach investment services from an asset manager’s perspective with tailored solutions that deliver access, insight and expertise from our on-the-ground presence in over 95 markets around the world,” says Chandresh Iyer, managing director, investor services, Citi. “As Forward is thinking about the future, we are looking forward to delivering the advantage of partnering with a custodian that offers expertise across the full spectrum of banking and securities services.”

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