NEW YORK - Citigroup Inc. said Friday that its Worldwide Securities Services unit had won the $2 billion global custody and trustee business of Credit Suisse Group's U.K. retail funds.Credit Suisse Asset Management chose Citibank after its previous custodian, Lloyds TSB Group, left that market.

Credit Suisse has converted most of its unit trusts - mutual funds governed by trust law - to open-ended funds, which follow a corporate structure. The conversions took place over the Easter weekend; Citibank then took up its custody duties.

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