Citigroup Extends Philippines Business Footprint

Editorial Staff

1 October 2021

Citigroup
Sun Life Investment Management and Trust Corp (SLIMTC) has chosen to provide it with middle-office services in the Philippines, the first time a bank has onboarded a middle-office client.

The US bank has been providing custody and fund services including global custody, local custody, and fund accounting services in the Philippines for more than 30 years. Launched in 2003, Citi’s middle-office service supports more than 750 funds in the Asia-Pacific region.

Citigroup has more than $30 trillion of assets under custody and administration.

Sun Life Philippines offers services including life insurance, education, retirement plans and investment solutions.