This will enable Janus to develop new products and focus to gain new grounds especially in emerging markets for investment opportunities, said the asset management firm.
Based on the agreement, Citi will offer the integrated custody program based on Network 3.0, which will boost technical platforms and reengineer operational processes to deliver top-tier levels of service including real-time deadlines, 24-hour instruction processing and improved risk management.’
An assortment of investor service technologies dubbed as Network 3.0 has been rolled out by Citi to assist clients to extend their reach and expand their business by leveraging its global network in over 95 nations.
Janus executive vice president, technology and operations global head George Batejan said that the company believes Citi’s Network 3.0 to help in effectively implementing strategies in the markets that afford the most potential.
Citi OpenInvestor provides institutional, alternative and wealth managers with middle office, fund services, custody, and investing and financing services and has $13.5trn in assets under custody and administration.
