Aegon Asset Management has expanded its longstanding relationship with Citi with a USD380bn middle office mandate. Citi has added performance measurement and accounting services to its offerings on the Aladdin platform, extending the breadth of its middle office offering to include full IBOR services, trade management and settlement and performance measurement via Aladdin Accounting. The mandate adds to the scope of services already provided by Citi, including custody, depositary, collateral, fund accounting and administration, and TA. Aegon AM’s operations employees based in Budapest, Hungary have joined Citi.
