Citi's global transaction services has been selected by Managed Portfolio Advisors (MPA), part of Natixis Global Associates (NGA), to provide operational services in support of MPA's unified managed accounts (UMA), multi-strategy portfolios (MSP) and separately managed accounts (SMA) business.
Curt Overway, president of MPA, said: “The combination of MPA’s expertise in overlay management and Citi’s advanced technology and leading market position in business process outsourcing (BPO) for managed accounts greatly enhances services for our overlay management clients.
“Citi’s platform provides Natixis Global Associates with additional scale, flexibility and a platform to support future innovation including automated execution and settlement, corporate action processing and compliance monitoring.”
Neeraj Sahai, global head of securities and fund services at Citi, said: “We are pleased to support Natixis Global Associates and Managed Portfolio Advisors and further extend Citi’s leading position in investment administration services. Together, Managed Portfolio Advisors and Citi are a formidable solution delivering a first-class advisory model coupled with unparalleled efficiencies and enhancing the power of our total solution for investors and advisors.”
Natixis Global Associates (NGA) is the distribution arm of France-based Natixis Global Asset Management.