NEW YORK--(BUSINESS WIRE)--Citi has been awarded a mandate to provide third-party securities lending services for certain Hartford Funds mutual funds. As part of this mandate, Citi will oversee lending activities for funds with approximately $108 billion in assets as of December 31, 2017. Lending activity is expected to commence on or about March 1, 2018.
“We are delighted that Hartford Funds has selected Citi to provide third party securities lending services to its mutual funds,” said David Martocci, Global Head of Agency Securities Lending at Citi. “This partnership demonstrates Citi’s ability to differentiate its product offering and serve the needs of a leading investment manager. We look forward to building a long-lasting relationship with the Hartford Funds team.”
Citi is one of the leading providers of agency securities lending services in the world. Citi’s innovative technology and extensive presence in 76 markets enables Citi to deliver customized lending solutions in more markets than any other agent.
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
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About Hartford Funds
Founded in 1996, Hartford Funds is a leading asset manager. Excluding affiliated funds of funds, as of December 31, 2017, Hartford Funds Management Company, LLC and its wholly owned subsidiary, Lattice Strategies LLC, had approximately $115.3 billion in discretionary and non-discretionary assets under management. Using its human-centric investing approach, Hartford Funds creates strategies and tools designed to address the needs and wants of investors. Leveraging partnerships with leading experts, Hartford Funds delivers insight into the latest demographic trends and investor behavior. For more information, visit http://www.hartfordfunds.com.