Australian wealth fund Mason Stevens has selected Citi Securities Services to provide custody and integrated execution services.
Based in Sydney, Mason Stevens was established in 2010 and has AU$6.7 billion in funds under management and administration.
The mandate builds on an existing relationship between the two firms with Citi providing system connectivity for Mason Stevens’ international listed securities.
According to Mark England, Citi Australia and New Zealand head of securities services, the expansion of the relationship to include securities services, “can help drive efficiencies and support growth by delivering an integrated set of solutions”.
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