The decision comes after a thorough evaluation of a number of leading administrators across the industry.

"After considering several top administrators, we chose the firm that we believe will add the most value and help us drive our business forward," said Christopher Gust, Chief Executive Officer of Wolverine Asset Management. "Citadel Solutions has solid technology combined with an experienced team, and we look forward to working together."

President of Citadel Solutions, John Buckley, added: "Wolverine has built a successful model by leveraging the latest technology and attracting highly talented people. We are very pleased to work with their team as we support their platform and create opportunities together over time."