Citi today announced that it has been awarded a mandate from Calamos Investments (NASDAQ: CLMS), a global investment management firm with $30.5 billion assets under management, to deliver a comprehensive suite of investment administration services. The mandate includes trade processing, portfolio accounting and reconciliation, performance measurement, collateral management and voluntary corporate action services for its institutional portfolios, funds and separately managed accounts.
"In our decision to select Citi, we were impressed by their expertise in investment operations as well as their modern, best-in-class technology," said Nimish Bhatt, Senior Vice President and Director of Operations of Calamos Investments. "Citi is unique in its ability to support both our retail and institutional lines of business. Their integrated offering ensures data consistency and adds scalability to our investment management and investor servicing activities, helping to ensure that our clients experience our commitment to quality." Barrington Partners, based in Boston, assisted Calamos in the due diligence and selection process.
Neeraj Sahai, Global Head of Citi's Securities and Fund Services, said, "We are pleased to have been selected by Calamos Investments after its rigorous and thorough evaluation of servicing options. A leading provider of a growing range of risk-managed strategies, Calamos is known for its service excellence. Their selection of Citi is an endorsement of our flexible and modular investment administration architecture to provide the highest levels of support for their investment products."