Leading wealth platform and provider of investment administration and managed account solutions, Mason Stevens Limited has today announced it has appointed Citi Securities Services to provide it with custody and integrated execution services.
This appointment comes at a significant time for Mason Stevens as it looks to expand its wealth platform offering to deliver premium wealth management solutions.
“Citi is thrilled to be partnering with Mason Stevens as they continue to develop their investment administration and managed account solutions,” said Mark England, Citi Australia and New Zealand Head of Securities Services.
“Citi has worked with Mason Stevens for several years across Global Markets execution and research services. By expanding our partnership to include securities services, we can help drive efficiencies and support growth by delivering an integrated set of solutions,” added Mr England.
Commenting on the appointment, Mason Stevens’ CEO and Executive Director Tim Yule said: “We recognise Citi’s experience and reputation as a global custodian, supporting our capability in accessing all major global markets. We already have an existing relationship and system connectivity with Citi for international listed securities and trust this partnership will help better serve our valued client base.”
“We are on a strong growth trajectory and are always looking to invest in new solutions to provide better investment outcomes for our clients. We are 100 per cent focused on what we do best and engaging partners, like Citi, to leverage their capabilities where we need to,” Mr Yule continued.
Citi Securities Services Australia has experienced significant expansion in recent years, particularly in the wealth platform and funds management sectors.
“With a great deal of experience, honed over the past couple of years, Citi’s ambition is to provide certainty for clients by ensuring the onboarding process is simple and efficient — a singular focus we know that clients demand. Once onboarded, clients have access to our full range of investor solutions, as well as exceptional client support and market-leading expertise,” said Mr England.
With approximately USD$26.2 trillion1 of assets under custody, administration and trust worldwide, and a leading proprietary network spanning more than 60 markets, Citi Securities Services provides cross-border support for clients with extensive on-the ground local market expertise, innovative post-trade technologies, customized data solutions, and a wide range of securities services solutions that can be tailored to meet clients’ needs.
Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in nearly 160 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.
About Mason Stevens
Mason Stevens was founded in 2010 and has evolved into a leading specialist wealth management platform operator based in Sydney, Australia. With over $6.7bn funds under management and administration, Mason Stevens offers superannuation and non-superannuation products, managed account and investment solutions, all of which are housed and administered in a world class technology administration platform called the Global Investment Service. Mason Stevens strives to bring an institutional grade offering to all client segments through their outsourced CIO function.
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1As of 31 December 2022.