Global Transaction Services, a unit of Citigroup Inc.'s corporate and investment banking division, said Wednesday that it had signed a definitive services agreement with Janus Capital Group for the Denver asset management company's retail separately managed accounts business.
The Citigroup unit is expected to begin handling account operations for Janus in mid-November.
The technological core of Citigroup's managed account capability is Citigroup Asset Manager Solutions for Separately Managed Accounts. This servicing platform lets investment managers efficiently administer all their accounts regardless of the sponsor's investment style. It gives real-time access to performance and portfolio data and enables investment advisers to deliver comprehensive account statements.
